For Sale
$169,000
705 9th St, Clarksville, TN 37040
Duplexes
Property Size1,336 SF
Price / SF$126.50
Days on Market8
Property Features for 705 9th St
General Information
Standard status
Active
Size
1,336 SF
Property subtype
Residential Income
Building Details
Year Built
1940
Listing Agency:
Coldwell Banker Southern Realty
Listed By:
Doreen Lynch 9319808077 · License #333997
(931) 980-8077
Source:
Nashvillehomefinderonline
Added: Oct 24
Changed: Oct 30
Last Checked: Oct 30 at 1:46PM
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 Coldwell Banker Southern Realty
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,067
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,340
$241.3K
Cap Rate 7%
$172,386
$172.4K
Cap Rate 9%
$134,078
$134.1K
Market Conditions
NOI Build-Up for 1,336 SF
Gross rent
$18.4K $13.80/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$17.2K $12.90/SF
− OpEx
−$5.2K −$3.87/SF
NOI
$12.1K $9.03/SF
Area
Clarksville, TN
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,340
Cap Rate 7%
$172,386
Cap Rate 9%
$134,078
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.8K – $201.1K
NOI $12,067 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,775 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$224.3K
$196.2K – $261.7K
NOI $15,699 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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Business Placement
Demographics for 37040, TN
60,382
Population
24,628
Households
2.5
Avg Household Size
31
Median Age
30%
College-Educated
94%
High-School Grad
92.8 sq mi
ZIP Area
651
Density / Sq Mi
$65,331
Median Household Income
$40,621
Median Earnings
$1,177
Median Rent
$242,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this duplex located?
The property is located at 705 9th St Clarksville, TN.
What is the asking price?
The asking price for this property is $169,000.
