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Listed by James Church • Keller Williams Realty Clarksville
$599,900
Est. payment /mo
4,368 SqFt
Active
1531 E Knollwood Cir Clarksville, TN 37043
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,368 sqft
Price per Sqft $137
Subdivision Knollwood Hills
MLS Listing ID 3201002
HOA Y/N false
Year Built 1989
Annual Tax Amount $4,685
Lot Dimensions 120
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.
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.
Location
State TN
County Montgomery County
Zoning R-4
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Shingle
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Barksdale Elementary
Middle Schools Richview Middle
High Schools Clarksville High
Others
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Nearby Locations
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