Multifamily Property for Sale in Clarksville, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Clarksville, TN 37042

Description

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. Investment Highlights: • A diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom floor plans appeals to a wide range of tenants • Unique residential-style community featuring townhome layouts, private patios, decks, attached garages, and ample parking • 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

Market Context

This multifamily in Clarksville, TN is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 39 days. Compare it against other multifamily listings for sale in Clarksville, TN — <a href="/search/sale/multifamily/tennessee/clarksville">view the full market</a>.

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