279B Harrier ct - Apartments FOR SALE


Clarksville, TN 37042
$2,350,000 USD
615-973-5373
279B Harrier ct, Clarksville, TN for Sale
$2,350,000 USD
Apartments - FOR SALE
1/50
null | 6.98% Cap Rate

279B Harrier ct
Clarksville, TN 37042


HIGHLIGHTS

  • Fully occupied asset offering stable in-place cash flow with immediate income generation
  • Townhome-style upstairs/downstairs layouts provide strong long-term tenant appeal and functional living space
  • Current rental rates are $91 below market allowing additional upside potential through future rent growth and operational improvements
  • Positioned near major commuting routes, shopping, dining, and employment centers
  • Attractive investment opportunity for both experienced multifamily operators and investors seeking expansion in the growing Clarksville market

OVERVIEW

Link to Deal Room and Financials:https://www.marcusmillichap.com/properties/302154/harrier-court-apartments Marcus & Millichap has been selected to exclusively market for sale the Harrier Court Apartments 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. Harrier Court Apartments is a fully occupied 16-unit multifamily community strategically located near Fort Campbell in one of Clarksville’s strongest rental corridors. Built in 1992, the property features spacious 3-bedroom, 2-bathroom townhome-style floor plans averaging approximately 1,400 square feet, providing strong long-term tenant appeal. Current rents remain below market, creating an attractive value-add opportunity through future rent growth, operational improvements, and potential amenity enhancements. With convenient access to major employment centers, shopping, dining, and commuter routes, the asset offers stable in-place cash flow and long-term investment upside in the growing 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 Harrier Court Apartments.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

16

PRICE/UNIT

$146,875

CAP RATE

6.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harrier Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

R-1

APN/PARCEL ID

019H-D-021.00

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.