1531 E Knollwood Cir, Clarksville, TN 37043
- $599,900
- 4,368
- SqFt
- List Price
- $599,900
- MLS#
- 3201002
- Days on Market
- 83
- Property Type
- Multifamily
- Sqft. of Residence
- 4,368
- County
- Montgomery County
- Status
- ACTIVE
Property Description
Turnkey 5-unit investment in one of Clarksville's most established neighborhoods. This all-brick townhome building in Knollwood Hills delivers $51,600 in annual gross rent from five fully occupied units, each leased between $825 and $900 per month. At asking price, investors step into a 5.57% cap rate with $33,410 in stabilized NOI and no vacancy to fill. well maintained with recent capital improvements: full HVAC system replaced November 2025 and new water heater installed May 2025, reducing near-term capex exposure. Professional management through PMI Clarksville keeps operations hands-off for out-of-state investors. At 4,368 SF across two stories, the property prices out to $119,980 per unit and $137/SF - strong value against recent comps. Flood Zone X. High-speed fiber from AT&T (5 Gbps), CDE Lightband, and Spectrum. Minutes from Fort Campbell, Austin Peay State University, and downtown Clarksville - three demand drivers that keep this submarket's rental pipeline full. only moments away from Madison St. (Sango) Stabilized. Cash-flowing. Professionally managed.
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Additional Information
- Construction Type
- Brick
- Cooling System
- Central Air
- Elementary School
- Barksdale Elementary
- Floor Types
- Carpet
- Heating System
- Central
- High School
- Clarksville High
- Junior High School
- Richview Middle
- Living Area
- 4,368
- Lot Dimensions
- 120
- Number Of Stories
- 2
- Roofing Material
- Shingle
- Sewer System
- Public Sewer
- Subdivision
- Knollwood Hills
- Tax Amount
- $4,685
- Water Source
- Public
- Year Built
- 1989
- Zoning
- R-4
- Type
- Multifamily
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Listing courtesy of Keller Williams Realty Clarksville.
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