291 Dunbar Cave Rd - Apartments FOR SALE


Clarksville, TN 37043
$3,150,000 USD
615-973-5373
291 Dunbar Cave Rd, Clarksville, TN for Sale
$3,150,000 USD
Apartments - FOR SALE
1/51
null | 5.7% Cap Rate

291 Dunbar Cave Rd
Clarksville, TN 37043


HIGHLIGHTS

  • Rents are currently $75 below the market rate
  • In the last 36 months, current ownership has spent $252,465 on capital improvements
  • 16 Renovated units out of 20 total units
  • Individually metered for water and electricity

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/179250/dunbar-townhomes Marcus & Millichap has been selected to exclusively market for sale the Dunbar Townhomes in Clarksville, TN. This offering will allow a potential investor to purchase a rare investment opportunity located in one of Tennessee’s fastest-growing cities. Dunbar Townhomes presents a compelling value-add investment opportunity located in Clarksville, TN, just 50 minutes (47 miles) from Nashville via Interstate 65. Conveniently located near major retailers, grocery stores, and some of the areas largest employers. This offering consists of 20 townhomes with an average rent of $1,224. With below market rents, new ownership has the opportunity to increase rents by $75 per unit to align with market rates, unlocking immediate revenue growth. 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 DUNBAR TOWNHOMES.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

20

PRICE/UNIT

$157,500

CAP RATE

5.7%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunbar Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

056G-K-005.00

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 Policy.