267 Smithson Ln, Clarksville, TN 37040
267 Smithson Ln, Clarksville, TN 37040
267 Smithson Ln, Clarksville, TN 37040
38
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Listed by James Church • Keller Williams Realty Clarksville
$725,000
Est. payment /mo
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4,612 SqFt
Active

267 Smithson Ln Clarksville, TN 37040

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MK Hughes

MK Hughes

+1(615) 788-1932

UPDATED:

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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To say MK went above and beyond is a understatement. We drove over 300 miles in the only 2 days we had to look for homes. When a seller failed to disclose extremely important information until 2days prior to closing she fought for me. To say that she was relentless in searching, again is a understatement. Words cannot express how grateful I am to her and the team that backs her behind the scenes. There isn’t a high enough star rating to give MK and her team, we were beyond blessed to have her work/fight for us.

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MK Hughes

MK Hughes

Agent License ID: 341737

+1(615) 788-1932

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267 Smithson Ln