185 Oak St Clarksville, TN 37042-6586
- Retail residential properties
- 2,800 SF
- 0.25 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 185 Oak St
- Year built
- 1996
- Lot size
- 0.25 lot acres
- Property size
- 2,800 SF
- Zone code
- R-4
- Property type
- Retail residential properties
- APN
- 055I H 00102 000
- APU
- 055IH00102000
Description
This exceptional income-producing quadplex, located at 185 Oak St in Clarksville, Tennessee, presents a compelling investment opportunity. Built in 1996 and extensively renovated in 2021, this Class B property boasts a total of 5,600 square feet across two one-story buildings, situated on a 0.51-acre lot. The property features four 2-bedroom, 1-bathroom units, each equipped with washer/dryer hookups and kitchen appliances. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $7,600, representing a 1.48% cap rate and a price per square foot of $91.95. The asking price is $514,900, translating to $128,725 per unit. Ample parking is available with 8 spaces. The property is zoned R4 and enjoys a convenient location near Austin Peay State University (APSU), Fort Campbell, and downtown Clarksville, as well as Trice Landing and Park. This well-maintained property offers a strong return on investment with its high occupancy rate and desirable location. The property's proximity to key amenities and its recent renovation make it an attractive option for investors seeking a stable and profitable multifamily asset in a growing market. The property's location in Montgomery County, zip code 37042, offers easy access to major transportation routes and local attractions.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $335,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $405,000
- Mixed-Use
- $385,000
- Hospitality
- $370,000
- Educational
- $365,000
- Residential Income
- $330,000
- Energy
- $295,000
- Income-Based Land
- $385,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Montgomery
- State
- Tennessee
- Longitude
- -87.3798
- Latitude
- 36.5442
- CBSA code
- 17300
- CBSA name
- CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA
