2299 Raleigh Ct Clarksville, TN 37043
- Commercial real estate
- 8,896 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2299 Raleigh Ct
- Year built
- 2022
- Property size
- 8,896 SF
- Property type
- Commercial real estate
Description
This exceptional Class A, 8,896 sq ft apartment building presents a rare investment opportunity in the thriving Clarksville, TN market. Built in 2022, this one-building, two-story complex boasts seven units, each with dedicated parking and ample guest parking. Six units offer two bedrooms and two-and-a-half bathrooms, while one premium unit features three bedrooms and three bathrooms. Currently operating at 100% occupancy, the property generates a substantial NOI of $120,000, representing a 7.06% cap rate. The asking price is $1,700,000, or $191.10 per square foot and $242,857.14 per unit. Six units are currently used as long-term rentals, with one successfully operating as a short-term rental, demonstrating the property's versatility and income potential. High-end finishes throughout each unit ensure strong rental demand in a competitive market. Located at 2299 Raleigh Ct, Clarksville, TN 37043, this turnkey investment offers a compelling opportunity to capitalize on Clarksville's robust growth and consistently high rankings as a desirable place to live. There is no HOA. This property is a stabilized investment with an excellent rental history.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Montgomery
- State
- Tennessee
- Longitude
- -87.296435
- Latitude
- 36.573414
