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 the Jack Miller Flats 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. Jack Miller Flats is a 26-unit multifamily community strategically located minutes from Fort Campbell in one of Clarksville’s strongest rental corridors. Built in 1992, the property features highly desirable 2-bedroom, 1-bathroom floor plans designed for functional everyday living with strong long-term tenant appeal. Convenient access to major employment centers, shopping, dining, and commuter routes continues to drive consistent demand from both military and civilian renters. The asset offers stable in-place income with additional upside potential through operational improvements, rental growth, and future amenity enhancements in the rapidly expanding 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 Jack Miller Flats. Investment Highlights: • 26-unit multifamily community located minutes from Fort Campbell in one of Clarksville's strongest rental corridors • All units feature highly desirable 2-bedroom, 1-bathroom floor plans designed for practical everyday living • Value-add potential through rental growth, operational efficiencies, and future amenity additions such as a dog park, playground, or outdoor gathering spaces

Market Context

This multifamily in Clarksville, TN is listed for sale. It is offered at an approximate 6.0% 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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