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Additional details

Heather Eisenmann

myclarksvillerealtor@gmail.com +1(931) 538-9816

Listed by James Church • Keller Williams Realty Clarksville

$ 725,000

Est. payment | -/mo

4,612 SqFt

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$ 725,000

Est. payment | -/mo

Save Virtual Tour

4,612 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,612 sqft

Price per Sqft $157

Subdivision Flint Ridge

MLS Listing ID 3137039

HOA Y/N No

Year Built 2021

Annual Tax Amount $9,630

Lot Dimensions 85

Property Description

Quadplex in Flint Ridge with an assumable VA loan at a 2.706% fixed interest rate. This is a rare opportunity to acquire an income-producing multi-family property with below-market financing already in place. The existing first mortgage of approximately $399,000 is eligible for VA loan assumption by a qualified buyer with sufficient VA entitlement. A discounted second note is also part of the transaction structure, creating additional value for the right buyer. Sellers are motivated and will consider reasonable offers. The property features four two-story townhome-style units, each with 2 bedrooms and 2.5 bathrooms. Total living area is 4,612 square feet on a half-acre lot zoned R-4 Multi-Family Residential. Construction includes common brick exterior, composition shingle roofing, slab-on-grade foundation, and individual HVAC split systems in each unit. The 2026 county appraised value is $807,900.
3 units rented and a 4th almost signed up, Gross monthly rental income is $4,698 with upside potential at lease renewals. The interest rate differential between the assumable loan and current market rates represents significant monthly savings, making this property cash-flow positive under the assumed financing structure. At prevailing market rates, this same property would not generate positive cash flow, which underscores the value of the assumption. Buyer must qualify for VA loan assumption,

Location

State TN

County Montgomery County

Zoning R-4

Interior

Heating Central, Heat Pump

Cooling Ceiling Fan(s), Central Air

Flooring Luxury Vinyl

Fireplace N

Exterior

Utilities Available Water Available

Amenities Available Sidewalks

View Y/N false

Roof Type Asphalt

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding

New Construction false

Schools

Elementary Schools Glenellen Elementary

Middle Schools Kenwood Middle School

High Schools Kirkwood High

Others

Senior Community false

Special Listing Condition Standard

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267 Smithson Ln Clarksville, TN 37040