
Meadowhill Lane
Multifamily | 25 Units | $254,000/unit
Marketing description
Public Remarks: Great investment opportunity in Clarksville, TN. This 25-unit townhome community consists of 6 buildings and is currently operating at approximately 96% occupancy, with the final unit in the process of being leased. Gross income is approximately $500,000 annually and will be over $510,000 once the final unit is leased, with NOI of nearly $400,000 fully stabilized. Pro forma available upon request. Each unit is a well-designed 3-bedroom, 2.5-bath townhome featuring granite countertops, an overhanging bar, large pantry, and stainless-steel appliances including refrigerator, microwave, dishwasher, range, and garbage disposal. All bedrooms and the laundry room are located upstairs, with washer and dryer included. The owner’s suite offers a spacious walk-in closet and private bath. Ceiling fans are installed in all bedrooms and the main living area. Every unit includes a private garage for storage, along with a patio or deck separated by a privacy fence. The property also features 24/7 exterior security cameras, sidewalks throughout the community, and is situated in a cul-de-sac. Conveniently located near I-24, Rotary Park, shopping, and dining. Also, there may be future value-add potential through subdivision into multiple parcels, allowing for phased disposition. Buyer to verify the possibility of assigning separate APNs and any potential for individual townhome sales. Information is considered reliable, but buyer will need to verify during their due diligence period once under contract (and prior to closing). Note: Meadowhill is made up buildings 1170, 1172, 1173, 1174, 1175 & 1176 (does not include 1171).
Investment highlights
- 25-Unit Townhome Community (6 Buildings)
- Well-maintained multifamily asset comprised of 3 bed / 2.5 bath townhome-style units
- Strong In-Place Income + Upside~$500,000 current gross income
- Projected $510,000+ at full occupancy
- Pro forma available upon request
- High Occupancy (96%)
- Stabilized asset with final unit currently being leased
- Desirable Unit Mix (3 Bed / 2.5 Bath)
- Larger floorplans attract long-term tenants and strong rental demand
- Modern Interior Features
- Granite countertops, stainless steel appliances, large pantry, washer/dryer included, and upstairs laundry
- Townhome-Style Living (Premium Tenant Appeal)Private garages
- Individual patios/decks with privacy fencing
- Separation between units increases desirability vs traditional apartments
- Low-Density Layout / Cul-de-Sac Setting
- Six-building layout with sidewalks throughout the community
- Operational Simplicity
- Consistent unit layout and design across all buildings
- Additional Income Component
- Water utility reimbursement (~$55/unit) helps offset master-meter expense
- Prime Clarksville Location
- Near I-24, Rotary Park, shopping, and dining
- Value-Add / Exit Strategy PotentialConceptual plan for subdivision into 3 separate parcels (2 buildings each)
- Potential for phased disposition strategy
- Future possibility of assigning separate APNs and selling units individually
- (Buyer to verify all feasibility and requirements)
- Turnkey Asset with Upside
- Strong current performance with additional long-term positioning opportunities
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