535 Lafayette Rd - Apartments FOR SALE


Clarksville, TN 37042
$4,032,000 USD
931-648-8500
535 Lafayette Rd, Clarksville, TN for Sale
$4,032,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

535 Lafayette Rd
Clarksville, TN 37042


HIGHLIGHTS

  • Very well maintained
  • No deferred maintenance
  • Value Add

OVERVIEW

Seller credits and concessions available! Twenty-Four Units, made up of six 2-story townhome quads. 3 bed, 1.5 bath, 1 car garage and 2 assigned uncovered spots, each. Very well maintained. New roofs 2019-2024. New HVACs 2019-2025. Built in equity, as the H Building appraised for $710k May 2025. Increased rents are possible; appraisal market rent $1,300/unit. 20 minutes to Ft Campbell, 10 minutes to Austin Peay, and just an hour to Nashville. As of 8/15/25, these buildings are 70% occupied. 4 units are currently AirBnBs (2 in B Building, 2 in G Building): all furniture can convey at no extra cost, or the units can be delivered vacant/empty at time of possession. Professional Property Management actively marketing the vacant units. Buy them all, or buy just one building! See individual MLS listings: 2774059, 2774058, 2774057, 2774056, 2774055, 2774054. There are 9 quads at this address; ONLY Buildings A, B, C, G, H and I are for sale by THIS OWNER. Photos are an example of one unit and each unit may be slightly different including furniture arrangements. Buyers/Buyers agent to verify all information and details including MLS.

FOR SALE DETAILS

PRICE

$4,032,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

24

PRICE/UNIT

$168,000

CAP RATE

Request Cap Rate

% LEASED

69%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

72

LAND DETAILS

LAND ACRES

3.95 AC

LAND SF

172,062 SF

ZONING

R-4

APN/PARCEL ID

043J-F-001.00,043J-F-002.00,043J-F-003.00,043J-F-004.00,043J-F-005.00,043J-F-006.00,043J-F-007.00,043J-F-008.00,043J-F-009.00

ASK ABOUT THIS PROPERTY

Amanda BlackKeller Williams Realty, Inc.More Info
931-648-8500

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Amanda BlackKeller Williams Realty, Inc.More Info
931-648-8500

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