1531 E Knollwood Cir, Clarksville, TN 37043
1531 E Knollwood Cir, Clarksville, TN 37043,Video Tour
1531 E Knollwood Cir, Clarksville, TN 37043
32
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Listed by James Church • Keller Williams Realty Clarksville
$599,900
Est. payment /mo
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4,368 SqFt
Active

1531 E Knollwood Cir Clarksville, TN 37043

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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 4,368 sqft

Price per Sqft $137

Subdivision Knollwood Hills

MLS Listing ID 3201002

HOA Y/N No

Year Built 1989

Annual Tax Amount $4,685

Lot Dimensions 120

Property Description

Turnkey 5-unit investment in one of Clarksville's most established neighborhoods. This all-brick townhome building in Knollwood Hills delivers $51,600 in annual gross rent from five fully occupied units, each leased between $825 and $900 per month. At asking price, investors step into a 5.57% cap rate with $33,410 in stabilized NOI and no vacancy to fill. well maintained with recent capital improvements: full HVAC system replaced November 2025 and new water heater installed May 2025, reducing near-term capex exposure. Professional management through PMI Clarksville keeps operations hands-off for out-of-state investors. At 4,368 SF across two stories, the property prices out to $119,980 per unit and $137/SF - strong value against recent comps.

Flood Zone X. High-speed fiber from AT&T (5 Gbps), CDE Lightband, and Spectrum. Minutes from Fort Campbell, Austin Peay State University, and downtown Clarksville - three demand drivers that keep this submarket's rental pipeline full. only moments away from Madison St. (Sango)

Stabilized. Cash-flowing. Professionally managed.

Location

State TN

County Montgomery County

Zoning R-4

Interior

Heating Central

Cooling Central Air

Flooring Carpet

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Roof Type Shingle

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Barksdale Elementary

Middle Schools Richview Middle

High Schools Clarksville High

Others

Senior Community false

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=TYNKL6W5YmY

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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.

Rob B

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MK Hughes

MK Hughes

Agent | License ID: 341737

+1(615) 788-1932

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1531 E Knollwood Cir