1531 E Knollwood Cir - Apartments FOR SALE


Clarksville, TN 37043
$599,900 USD
707-592-2777
1531 E Knollwood Cir, Clarksville, TN for Sale
$599,900 USD
Apartments - FOR SALE
1/3
null | 5.72% Cap Rate

1531 E Knollwood Cir
Clarksville, TN 37043


HIGHLIGHTS

  • 8.02% stabilized cap rate - 1.98x DSCR, $16,562/yr positive cash flow after debt service
  • Fresh mechanicals: HVAC replaced Nov 2025, water heater May 2025 - reduced near-term capex risk
  • 100% occupied, 5 units $825-$900/mo. Near Fort Campbell, APSU & downtown Clarksville. Fiber internet available

OVERVIEW

Rare 5-unit townhome investment in Clarksville's Knollwood Hills! 4,368 SF brick 2-story, built 1989. All 5 units occupied at $825-$900/mo ($4,300/mo | $51,600/yr GPR). Stabilized NOI $33,410 = 8.02% cap at asking price. Fresh mechanicals: HVAC Nov 2025, water heater May 2025. R-4 Multi-Family zoning, assessed commercial @ 40%. Flood Zone X. Near Fort Campbell, APSU & downtown Clarksville. Fiber internet (AT&T 5Gbps). PMI Clarksville managing. Motivated absentee seller. Anchor comp: 1521 Knollwood (0.06 mi) sold 6.4% cap May 2025 per CoStar. 1.98x DSCR, $16,562/yr positive cash flow. Contact: James Church | KW Commercial | 707.592.2777 | james@clarksville.realestate | TN #367269

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$137 USD /SF

# OF UNITS

5

PRICE/UNIT

$119,980

CAP RATE

5.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1531 E Knollwood Cir - 5-Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,764 SF

ZONING

R-4

APN/PARCEL ID

080G-G-046.00

ASK ABOUT THIS PROPERTY

James ChurchCommercial Real Estate James ChurchMore Info
707-592-2777

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James ChurchCommercial Real Estate James ChurchMore Info
707-592-2777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.