155 Jack Miller Blvd - Apartments FOR SALE


Clarksville, TN 37042
$2,750,000 USD
615-973-5373
155 Jack Miller Blvd, Clarksville, TN for Sale
$2,750,000 USD
Apartments - FOR SALE
1/46
null | 6.16% Cap Rate

155 Jack Miller Blvd
Clarksville, TN 37042


HIGHLIGHTS

  • All units feature highly desirable 2-bedroom, 1-bathroom floor plans designed for practical everyday living
  • Interior features include spacious bathrooms with wall-to-wall vanities, washer and dryer connections, and shower/tub combinations
  • Current leasing strategies and strong occupancy trends provide opportunity for continued revenue growth and operational upside
  • Attractive opportunity for investors seeking stable cash flow and long-term appreciation in the growing Clarksville/Fort Campbell market

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/302163/jack-miller-flats Marcus & Millichap has been selected to exclusively market for sale the Jack Miller Flats in Clarksville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-growth submarket with strong rental demand. Jack Miller Flats is a 26-unit multifamily community strategically located minutes from Fort Campbell in one of Clarksville’s strongest rental corridors. Built in 1992, the property features highly desirable 2-bedroom, 1-bathroom floor plans designed for functional everyday living with strong long-term tenant appeal. Convenient access to major employment centers, shopping, dining, and commuter routes continues to drive consistent demand from both military and civilian renters. The asset offers stable in-place income with additional upside potential through operational improvements, rental growth, and future amenity enhancements in the rapidly expanding Clarksville/Fort Campbell market. 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 Jack Miller Flats.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

26

PRICE/UNIT

$105,769

CAP RATE

6.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack Miller Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,149 SF

ZONING

R-4

APN/PARCEL ID

019H-D-012.00

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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