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701 Cumberland Dr

Clarksville, TN 37040
  • $499,900
  • STATUS: Active Under Contract
  • ON SITE: 128 Days
  • MLS #: RTC2390244
Under Contract
UPDATED: 71 min ago
$499,900
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,693
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Information

Elementary School:
Middle School:
High School:

Description

Terrific value add opportunity in booming Downtown Clarksville. Lots of new growth in the area to include new student housing, new restaurants, shops, and F&M Bank Arena, opening next year. Good time to take advantage of the growing Clarksville/Middle Tennessee real estate market. Great depreciation for 2022 income, or fix and flip. Current structure has landlord paying water and electric. Sale includes two parcels (side by side): 701 Cumberland Dr. ( Parcel ID/Tax ID 066K J 04700 000) and 681/685 Cumberland Dr. (Parcel ID/Tax ID 066K J 04800 000) for a total of 10 units and an additional building which currently hosts coin operated laundry machines.

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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Ashley Claire Real Estate - Benchmark Realty, 615-454-2703). IDX information © 2022 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Ashley Claire Real Estate - Benchmark Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-10-02T12:05:40.16.

Based on information submitted to the MLS GRID as of 2022-10-02T12:05:40.16. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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701 Cumberland Dr Clarksville, TN 37040

  • Price: $499,900
  • Status: Active Under Contract
  • On Site: 128 Days
  • Updated: 71 min ago
  • MLS #: RTC2390244
0
Beds
0
Baths
0
½ Baths
0.09
Acres
4,693
SQFT
$107
$/SQFT
1941
Built
Neighborhood:
Elder
County:
Montgomery
Elementary School:
Norman Smith Elementary
Middle School:
Rossview Middle School
High School:
Rossview High School
Property Description
Terrific value add opportunity in booming Downtown Clarksville. Lots of new growth in the area to include new student housing, new restaurants, shops, and F&M Bank Arena, opening next year. Good time to take advantage of the growing Clarksville/Middle Tennessee real estate market. Great depreciation for 2022 income, or fix and flip. Current structure has landlord paying water and electric. Sale includes two parcels (side by side): 701 Cumberland Dr. ( Parcel ID/Tax ID 066K J 04700 000) and 681/685 Cumberland Dr. (Parcel ID/Tax ID 066K J 04800 000) for a total of 10 units and an additional building which currently hosts coin operated laundry machines.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Vinyl Siding Covered Spaces 0 Garage YN No Levels Two Parking Total 0 View YN No Waterfront YN No

Interior Features

Above Grade Finished Area 4693 Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace YN No Flooring Vinyl Heating Natural Gas Heating YN Yes

Property Features

Association YN No Building Area Total 4693 Contingency Insp Contingent Date 2022-08-15 Gross Income 57600 Inclusions Appln Laundry Features Share Lot Size Area 0.09 Net Operating Income 29448 New Construction YN No Operating Expense 28152 Owner Pays ElectricityGasWater Pool Private YN No Property Attached YN No Sewer Public Sewer Special Listing Conditions Standard Stories 2 Tax Annual Amount 2438 Total Actual Rent 2200 Water Source Public Year Built Details Exist Zoning R2/C2

Realtracs Solutions logo Offered by Century 21 Platinum Properties: 9318018660. Copyright 2022 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Ashley Claire Real Estate - Benchmark Realty, 615-454-2703). IDX information © 2022 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Ashley Claire Real Estate - Benchmark Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-10-02T12:05:40.16.

Based on information submitted to the MLS GRID as of 2022-10-02T12:05:40.16. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Ashley Claire Real Estate - Benchmark Realty
2500 21st Ave S
Nashville TN, 37212