1351 Avondale Dr - Apartments FOR SALE


Clarksville, TN 37040
$10,750,000 USD
615-265-8284
1351 Avondale Dr, Clarksville, TN for Sale
$10,750,000 USD
Apartments - FOR SALE
1/62
null | 9.09% Cap Rate

1351 Avondale Dr
Clarksville, TN 37040


HIGHLIGHTS

  • Very easy access off the interstate making a drive to Nashville or Fort Campbell a breeze

OVERVIEW

This might be one of the best multifamily opportunities in Tennessee and definitely one of the best opportunities in the Nashville Tn area. This is your chance to own a 92-unit 1, 2, 3, and 4 bedroom apartment complex located about 40 minutes from Downtown Nashville. Currently there are 71 units as sellers are making it easier for new buyers to raise rents and work with new renters. Contact Raymond for all information 615-804-3762. See attached drone video. Clarksville is one of the fastest growing cities in Tennessee going from 90,000 people in 1990 to 180,000 in 2023. It is the fifth-most populated city in the state. Clarksville is the home of Austin Peay State University and neighbor to the Fort Campbell United States Army posts located about 10 miles from downtown Clarksville. Some of it's past residents include Roy Acuff, Jimi Hendrix, Wayne Pace, William Rudolph and Pat Summit. There is plenty to do in Clarksville whether it is hiking in State Parks, Kayaking, Boating, Golfing or Fishing. History and Heritage surround this area, as well as Arts and Culture. Clarksville Tennessee is the home of these large corporations: Amazon, Distribution Center 2022, American Standard, Bridgestone. This might be one of the best multifamily opportunities in Tennessee and definitely one of the best opportunities in the Nashville Tn area. This is your chance to own a 92-unit 1, 2, 3, and 4 bedroom apartment complex located about 40 minutes from Downtown Nashville. istribution Center 2022 American Standard Bridgestone Metalpha USA Convergys Corporation FedEx, Distribution Center 2022 Fort Campbell Google Hankook Jostens LG SPX Corporation Trane plus many more Clarksville has grown 73.8% since the year 2000 and is growing faster than 67% of similarly sized cities Education Colleges and universities Austin Peay State University Daymar Institute Nashville State Community College North Tennessee Bible Institute Public K-12 schools Montgomery Central High School The city consolidated its school system with that of the county, forming the Clarksville-Montgomery County School System. It operates a total of 39 public schools to serve about 37,666 students, including eight high schools, seven middle schools, 24 elementary schools, and one magnet school for K–5, in addition to Middle College on the campus of Austin Peay State University. Public high schools (grades 9–12) in Clarksville-Montgomery County: Clarksville High School (1,562 students)Kenwood High School (1,302 students)Kirkwood High School (1,009 students)Montgomery Central High School (1,015 students)Northeast High School (1,341 students)Northwest High School (1,426 students)Rossview High School (1,584 students)West Creek High School (1,647 students)Private K-12 schools. Private schools in Clarksville-Montgomery County include: Clarksville Academy (students: 613; ST; grades: PK–12) Immaculate Conception School (students: 146; grades: K–8)Little Scholars Montessori (students: 91; grades: Preschool–5) Clarksville Christian School. Infrastructure Major roads and highways U.S. Route 41A (Madison Street and Fort Campbell Boulevard) U.S. Route 79 (Wilma Rudolph Boulevard) Interstate 24 (designated a control city along route) State Route 12 (Ashland City Road) State Route 13 State Route 48 State Route 76 (Martin Luther King Jr. Parkway) State Route 374 (Warfield Blvd., 101st Airborne Division Parkway, Purple Heart Parkway)

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

92

PRICE/UNIT

$116,848

CAP RATE

9.09%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avondale Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

80

LAND DETAILS

LAND ACRES

10.7 AC

LAND SF

466,092 SF

ZONING

r-4

APN/PARCEL ID

079-025.01

ASK ABOUT THIS PROPERTY

Bernie GalleraniBernie Gallerani Real EstateMore Info
615-265-8284

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Bernie GalleraniBernie Gallerani Real EstateMore Info
615-265-8284

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