162 Condor Ct - Apartments FOR SALE


Clarksville, TN 37042
$4,075,000 USD
615-973-5373
162 Condor Ct, Clarksville, TN for Sale
$4,075,000 USD
Apartments - FOR SALE
1/73
null | 5.5% Cap Rate

162 Condor Ct
Clarksville, TN 37042


HIGHLIGHTS

  • Unique residential-style community featuring townhome layouts, private patios, decks, attached garages, and ample parking
  • Diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom floorplans appeals to a wide range of tenants
  • Large units with private backyards and two-car garages offer housing options rarely found in comparable multifamily properties
  • Current vacancy provides immediate lease-up and value-add upside
  • Rare opportunity to acquire a full multifamily community with scale, unit diversity, and long-term upside potential

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/302363/condor-court Marcus & Millichap has been selected to exclusively market for sale Condor Court 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. Condor Court is a 45-unit multifamily community located in a high-demand Clarksville corridor just minutes from Fort Campbell and Austin Peay State University. The property offers a diverse mix of studio, 1, 2, and 3 bedroom units, including larger townhome-style layouts, allowing it to attract a wide range of tenants and support long term occupancy. Its neighborhood style setting and varied housing options create a more residential feel with broad renter appeal. There is a clear opportunity to increase occupancy and drive revenue through leasing execution, rent growth, and targeted property improvements. 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 Condor Court.

FOR SALE DETAILS

PRICE

$4,075,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

45

PRICE/UNIT

$90,556

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Condor Court

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

R-4

APN/PARCEL ID

019H-D-017.00

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.