Harrier Court Apartments
16-Unit Value Add Multifamily in Clarksville, TN
Marketing description
Link to Deal Room and Financials:https://www.marcusmillichap.com/properties/302154/harrier-court-apartments
Marcus & Millichap has been selected to exclusively market for sale the Harrier Court Apartments in Clarksville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-growth submarket with strong rental demand.
Harrier Court Apartments is a fully occupied 16-unit multifamily community strategically located near Fort Campbell in one of Clarksville’s strongest rental corridors. Built in 1992, the property features spacious 3-bedroom, 2-bathroom townhome-style floor plans averaging approximately 1,400 square feet, providing strong long-term tenant appeal. Current rents remain below market, creating an attractive value-add opportunity through future rent growth, operational improvements, and potential amenity enhancements. With convenient access to major employment centers, shopping, dining, and commuter routes, the asset offers stable in-place cash flow and long-term investment upside in the growing Clarksville/Fort Campbell market.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of the Harrier Court Apartments.
Investment highlights
- 16-unit multifamily community located in one of Clarksville’s strongest rental corridors near Fort Campbell and the Kentucky state line
- Fully occupied asset offering stable in-place cash flow with immediate income generation
- All units feature 3-bedroom, 2-bathroom townhome-style floor plans averaging approximately 1,400 square feet
- Townhome-style upstairs/downstairs layouts provide strong long-term tenant appeal and functional living space
- Current rental rates are $91 below market allowing additional upside potential through future rent growth and operational improvements
- Built in 1992 on approximately 2.02 acres with ample opportunity for exterior and amenity enhancements
- Positioned near major commuting routes, shopping, dining, and employment centers
- Water and electricity are individually metered
- Value-add opportunity to introduce tenant-focused amenities such as a dog park, playground, outdoor seating, or community gathering spaces
- Attractive investment opportunity for both experienced multifamily operators and investors seeking expansion in the growing Clarksville/Fort Campbell market
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