Fully Occupied Apartment
1714 Thistlewood Drive Clarksville, TN 37042
1714 Thistlewood Drive, Clarksville, TN, 37042
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For Sale
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Fully occupied apartment building with split-level 3-bedroom units featuring 2 full baths and one-car garages.
Property Size5,255 SF
Price / SF$167.27
Days on Market69
Property Features for 1714 Thistlewood Drive
General Information
- Standard status
- Active
- Size
- 5,255 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 2010
Listing agency
Keystone Realty & Management
Listed by
Melissa Crabtree · License #288513
Source
Crexi
Added: May 15 Updated: Jul 21 at 12:24PM Checked: Jul 22 at 12:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keystone Realty & Management
Investment Insights
Based on property information with market context.
This apartment building is fully occupied, with all units laid out as split-level floor plans. Each unit provides three bedrooms and two full bathrooms, with wood flooring throughout the living room and kitchen, and carpet in the bedrooms. Kitchens include black appliances: a stove, refrigerator, dishwasher, and microwave.
The property is located at 1714 Thistlewood Drive in Clarksville, TN 37042. Each unit also includes a one-car garage, supporting everyday convenience for residents.
From a physical layout standpoint, the combination of split-level design, consistent kitchen and living area finishes, and attached one-car garage configurations may appeal to tenants seeking an established, move-in-ready unit setup.
The property is located at 1714 Thistlewood Drive in Clarksville, TN 37042. Each unit also includes a one-car garage, supporting everyday convenience for residents.
From a physical layout standpoint, the combination of split-level design, consistent kitchen and living area finishes, and attached one-car garage configurations may appeal to tenants seeking an established, move-in-ready unit setup.
Key Highlights
- Fully occupied apartment building with split‑level floor plans
- All units are 3‑bedroom, 2 full‑bath layouts
- Each unit includes a one‑car garage
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.0k | $15.60 |
| − Vacancy | −$4.9k | −$0.94 |
| EGI | $77.1k | $14.66 |
| − OpEx | −$34.7k | −$6.60 |
| NOI | $42.4k | $8.07 |
5,255 SF · lease $15.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$605.5K
$529.8K – $706.4K
NOI $42,383 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$882.1K
$771.9K – $1.03M
NOI $61,748 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied apartment building with split-level 3-bedroom units featuring 2 full baths and one-car garages.
Where is this apartment building located?
The property is located at 1714 Thistlewood Drive Clarksville, TN.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Fully occupied apartment building with split‑level floor plans; All units are 3‑bedroom, 2 full‑bath layouts; Each unit includes a one‑car garage
