1531 E Knollwood Cir, Clarksville, TN 37043
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1531 E Knollwood Cir, Clarksville, TN 37043,Video Tour
1531 E Knollwood Cir, Clarksville, TN 37043
1531 E Knollwood Cir, Clarksville, TN 37043
1531 E Knollwood Cir, Clarksville, TN 37043
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EXp Realty

EXp Realty

+1(833) 303-0610
Listed by James Church • Keller Williams Realty Clarksville
$ 599,900
Est. payment /mo
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1531 E Knollwood Cir Clarksville, TN 37043

4,368 SqFt

UPDATED:

Key Details

Property Type Other Types

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 false

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

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Nearby Locations

EXp Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(833) 303-0610

chime@exprealty.net

United States

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1531 E Knollwood Cir