815-291-9250
151 Wallace Blvd, Clarksville, TN for Sale
Apartments - FOR SALE
1/13
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151 Wallace Blvd
Clarksville, TN 37042


HIGHLIGHTS

  • HAP Contract & Recent OCAF Rent Increase
  • Substantial Capex Recently Completed
  • Nashville Commuter Town — Fastest-Growing Market in Tennessee
  • Strategic Location Near Key Economic & Lifestyle Drivers

OVERVIEW

Sunset Village presents a rare opportunity to acquire a long-term, HAP-contracted multifamily asset in Clarksville — Tennessee's fastest-growing city — at the intersection of stable, government-backed cash ?ow and genuine market upside. The property's 64 units operate under a long-term Housing Assistance Payment contract, delivering a HUD-underwritten income stream insulated from market volatility, lease-up risk, and tenant credit exposure. That foundation was recently strengthened by an OCAF rent adjustment of approximately 4.9% ($33,024), effective November 1, 2026. This immediately improves NOI with no corresponding increase in operating expense or execution risk — and narrows the long-standing gap between in-place contract rents and prevailing HUD Fair Market Rents.

FOR SALE DETAILS

PRICE

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# OF UNITS

64

CAP RATE

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% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

80

LAND DETAILS

LAND ACRES

6.8 AC

LAND SF

296,208 SF

ZONING

R-4

APN/PARCEL ID

006P-F-020.01

ASK ABOUT THIS PROPERTY

Jordan ArandNorthmarqMore Info
815-291-9250

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Jordan ArandNorthmarqMore Info
815-291-9250

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