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120 Malibu Dr
Clarksville, TN 37043

The Flats Off Madison · Multifamily Property For Sale · 84 Units

PROPERTY FACTS

No. Units 84
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 4.60 AC
Building Size 64,420 SF
Average Occupancy 98%
No. Stories 2
Year Built/Renovated 1965/2021
Parking Ratio 1.71/1,000 SF

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Walk-In Closets
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Fitness Center
  • Laundry Facilities
  • Playground
  • Pool
  • Grill
  • Lounge

About 120 Malibu Dr , Clarksville, TN 37043

$30000 a Door! 84 Unit Complex on 4.65 acres with pool. 4 buildings 40 1 bedrooms 648 sq ft and 44 2 bedrooms 875 sq ft Central coin op laundry with new washers and dryers 2 large basement storage/maintenance areas 2 new roofs some units remodeled Great opportunity for investors! Occupancy currently around 50% units being remodeled weekly. Great opportunity for investor. Income is est at 90% occ (75 units) at $600 month ave rent Op exp est off current expenses 1 beds have wall heat/ac 2 beds have central hvac Please have a pre approval before viewing

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 40 $524.50 648
2+1 44 $624.50 875

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
080C-A-002.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,595,880

zoning

Zoning Code R-4
R-4
  • Listing ID: 11445440

  • Date on Market: 2/1/2018

  • Last Updated:

  • Address: 120 Malibu Dr, Clarksville, TN 37043

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