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Clarksville Commons 8 Multifamily Properties Offered at $6,554,000 in Clarksville, TN
INVESTMENT HIGHLIGHTS
- $600,000 in capital improvements over the past 36 months, including new siding, roofs (2.5 years old), decks, and interior renovations
- Major mechanical systems proactively addressed: recent HVAC replacements and a new sewage pump reduce future maintenance risk.
- Property is currently in a low-maintenance phase, with routine turnover as the primary ongoing expense.
- All units include a washer and dryer set, as well as major appliances such as a dishwasher and refrigerator.
- Individually metered for electricity and master-metered for water; owner pays water/sewer and recoups via RUBS (utility reimbursement).
- Strong rental demand in Clarksville with population growth and housing shortage driving occupancy and rent stability.
EXECUTIVE SUMMARY
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/193776/clarksville-commons
Marcus & Millichap has been selected to exclusively market for sale the Clarksville Commons portfolio in Clarksville, TN. This offering will allow a potential investor to purchase a turnkey investment opportunity located in a high-growth submarket with strong rental demand.
The Clarksville Commons portfolio offers a stabilized 58-unit multifamily investment across 10 buildings in a high-growth submarket of Clarksville, TN. Over $600,000 in capital improvements have been completed in the past three years, including new roofs, siding, decks, and comprehensive interior upgrades. All units feature in-unit washer/dryers and modern appliances, enhancing tenant appeal and rental performance. With major mechanical systems proactively addressed—including HVAC replacements and a new sewage pump—the portfolio is positioned for low ongoing maintenance. Master-metered water and sewer utilities with RUBS reimbursement enhance operational efficiency, positioning this as a turnkey investment in one of Tennessee’s most vibrant rental markets.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Clarksville Commons.
Marcus & Millichap has been selected to exclusively market for sale the Clarksville Commons portfolio in Clarksville, TN. This offering will allow a potential investor to purchase a turnkey investment opportunity located in a high-growth submarket with strong rental demand.
The Clarksville Commons portfolio offers a stabilized 58-unit multifamily investment across 10 buildings in a high-growth submarket of Clarksville, TN. Over $600,000 in capital improvements have been completed in the past three years, including new roofs, siding, decks, and comprehensive interior upgrades. All units feature in-unit washer/dryers and modern appliances, enhancing tenant appeal and rental performance. With major mechanical systems proactively addressed—including HVAC replacements and a new sewage pump—the portfolio is positioned for low ongoing maintenance. Master-metered water and sewer utilities with RUBS reimbursement enhance operational efficiency, positioning this as a turnkey investment in one of Tennessee’s most vibrant rental markets.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Clarksville Commons.
PROPERTY FACTS
| Price | $6,554,000 | Number of Properties | 8 |
| Price / SF | $121.84 / SF | Individually For Sale | 0 |
| Cap Rate | 6.70% | Total Building Size | 53,794 SF |
| Sale Type | Investment | Total Land Area | 4.88 AC |
| Status | Active |
| Price | $6,554,000 |
| Price / SF | $121.84 / SF |
| Cap Rate | 6.70% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 8 |
| Individually For Sale | 0 |
| Total Building Size | 53,794 SF |
| Total Land Area | 4.88 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Cumberland Commons
110 Bennett Dr, Clarksville, TN 37042 |
Multifamily | 16,000 SF | 1993 | - |
| 117-121 Bennett Dr, Clarksville, TN 37042 | Multifamily | 11,358 SF | 1990 | - |
|
Chamberlain Apartments
112 Bennett Dr, Clarksville, TN 37042 |
Multifamily | 6,208 SF | 1991 | - |
| 151 Darlene Dr, Clarksville, TN 37042 | Multifamily | 4,526 SF | 1990 | - |
| 139 Darlene Dr, Clarksville, TN 37042 | Multifamily | 4,194 SF | 1995 | - |
| 141 Darlene Dr, Clarksville, TN 37042 | Multifamily | 4,181 SF | 1995 | - |
| 101 Bennett Dr, Clarksville, TN 37042 | Multifamily | 3,713 SF | 1989 | - |
| 284 Rue Le Mans Dr, Clarksville, TN 37042 | Multifamily | 3,614 SF | 1989 | - |
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