1351 Avondale Dr Clarksville, TN 37040-4469

Property Details for 1351 Avondale Dr

Year built

1971

Lot size

10.55 lot acres

Property size

7,332 SF

Zone code

R-4

Property type

Retail residential properties

APN

079 02501 000

APU

7902501000

Description

This exceptional mixed-use investment opportunity presents a 92-unit apartment complex ideally situated at 1351 Avondale Drive, Clarksville, Tennessee. Boasting a substantial 83,458 square feet on a 10.7-acre lot, this property offers a compelling return on investment in a rapidly growing market. The complex comprises a mix of one, two, three, and four-bedroom units, catering to a diverse range of tenants. Located approximately 40 minutes from downtown Nashville, this asset benefits from its proximity to a major metropolitan area while enjoying the advantages of a thriving, smaller city. Clarksville's population has experienced remarkable growth, expanding from 90,000 in 1990 to 180,000 in 2023, a surge exceeding the growth rate of 67% of similarly sized cities nationwide. This robust population increase is fueled by the presence of Austin Peay University and Fort Campbell Army post, both significant contributors to the local economy. The city also hosts a diverse range of corporate entities, including Amazon, Bridgestone, Google, and FedEx, ensuring a stable and expanding tenant pool. Clarksville offers a high quality of life with abundant recreational opportunities, including state parks, kayaking, golfing, and fishing, alongside a rich history and vibrant arts and culture scene. The asking price for this significant property is $10,750,000. This represents a rare chance to acquire a substantial multifamily asset in one of Tennessee's fastest-growing markets.

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Longitude

-87.3557

Latitude

36.5028

CBSA code

17300

CBSA name

CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments