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Listed by Bradley K. Jackson • Byers & Harvey Inc.
$ 1,389,000
Est. payment /mo
Active
1760 Spring Water Dr Clarksville, TN 37040
8,992 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,992 sqft
Price per Sqft $154
Subdivision Sage Hollow
MLS Listing ID 3041765
HOA Y/N No
Year Built 2019
Annual Tax Amount $15,194
Lot Dimensions 80
Property Description
Exceptional opportunity to own two side-by-side fourplexes (8 total units) on one parcel in the rapidly growing Clarksville market. Located approximately 1.3 miles from I-24 (Exit 1) and just under 4.5 miles from the site of Clarksville's newly approved hospital, this multifamily asset is strategically positioned for long-term value.
Each unit features 2 bedrooms, 2.5 bathrooms, with well-designed layouts ideal for tenant appeal. Interiors include LVP flooring on the main level, private en-suite bathrooms, and dedicated utility rooms, with most leases including washer and dryer sets—features that support strong occupancy and tenant satisfaction.
Tenants benefit from proximity to Fort Campbell Army Base, Clarksville's expanding Industrial Park, and Austin Peay State University, with quick access to shopping, dining, and local attractions. With the nearby hospital development, the property also stands to be a convenient housing option for future medical staff. The property is currently under professional management, offering investors a seamless, hands-off ownership experience with continued operational support in place.
Whether you're looking for long-term rental income, exploring short-term rental potential, or seeking the option to owner-occupy a unit, this property offers versatility within a high-demand submarket. With all 8 units on a single parcel and modern, renter-friendly finishes throughout, this is a compelling asset in one of Middle Tennessee's most active growth corridors.
Each unit features 2 bedrooms, 2.5 bathrooms, with well-designed layouts ideal for tenant appeal. Interiors include LVP flooring on the main level, private en-suite bathrooms, and dedicated utility rooms, with most leases including washer and dryer sets—features that support strong occupancy and tenant satisfaction.
Tenants benefit from proximity to Fort Campbell Army Base, Clarksville's expanding Industrial Park, and Austin Peay State University, with quick access to shopping, dining, and local attractions. With the nearby hospital development, the property also stands to be a convenient housing option for future medical staff. The property is currently under professional management, offering investors a seamless, hands-off ownership experience with continued operational support in place.
Whether you're looking for long-term rental income, exploring short-term rental potential, or seeking the option to owner-occupy a unit, this property offers versatility within a high-demand submarket. With all 8 units on a single parcel and modern, renter-friendly finishes throughout, this is a compelling asset in one of Middle Tennessee's most active growth corridors.
Location
State TN
County Montgomery County
Zoning R-4
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Elementary Schools Northeast Elementary
Middle Schools Kirkwood Middle
High Schools Kirkwood High
Others
Senior Community false
Special Listing Condition Standard
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