533 Bellamy Ln 44 Unit Apartment Building $13,400,000 ($304,545/Unit) 5% Cap Rate Clarksville, TN 37043

INVESTMENT HIGHLIGHTS

  • In the Top 25 Fastest Growing City in the Nation.
  • Modern - Urban Design
  • Proximity to Major Condors, Interstate 24 and Ft. Campbell, Ky (Home of the 101st Airborne Division)

EXECUTIVE SUMMARY

Welcome to Clarksville, Tennessee and Ft. Campbell, KY! Proud home of the 101st Airborne Division. This vibrant city offers a wealth of places, people, and experiences that inspire both the young and the young at heart. Located just 40 minutes northwest of Nashville along I-24, Clarksville is the perfect destination for your next investment adventure. 537 Bellamy Lane boasts 10 quads and 4 single family homes. Home construction includes brick, Hardie board, 1 car garage, luxury LVP flooring, quartz countertops throughout, accent walls, stainless steel appliances, this isn't your typical cookie cutter complex.
Clarksville offers its residents and tourists a diverse experience—be it historic attractions, an artistic atmosphere, picturesque rivers and trails, or a thriving craft food and beverage scene. The city hosts a variety of events throughout the year, ensuring fun and memorable moments for all.
As the county seat of Montgomery County, Clarksville is the fifth most populous city in Tennessee, following Nashville, Memphis, Knoxville, and Chattanooga. Positioned just 50 miles north of Nashville, Clarksville boasts a unique blend of history and modernity, earning a ranking as the third-fastest growing city in the state and in the Top 25 for the country. The population has surged by 13.61% from 2017 to 2022, and the overall cost of living stands at 89.1% of the national average.
Clarksville Tennessee is the home of many large corporations: Amazon Distribution Center 2022, American Standard, Bridgestone Metalpha USA, FedEx Distribution Center 2022, Fort Campbell, Google, Hankook, Jostens, LG, SPX Corporation, Trane, Convergys Corporation.
The city consolidated its school system with that of the county, forming the Clarksville-Montgomery County School System. It operates a total of 39 public schools to serve about 37,666 students, including eight high schools, seven middle schools, 24 elementary schools, and one magnet school for K–5, in addition to Middle College on the campus of Austin Peay State University.
Public high schools (grades 9–12) in Clarksville-Montgomery County:
Clarksville High School (1,562 students)
Kenwood High School (1,302 students)
Kirkwood High School (1,009 students)
Montgomery Central High School (1,015 students)
Northeast High School (1,341 students)
Northwest High School (1,426 students)
Rossview High School (1,584 students)
West Creek High School (1,647 students)
Private K-12 schools

PROPERTY FACTS

Price $13,400,000
Price Per Unit $304,545
Sale Type Investment
Cap Rate 5%
No. Units 44
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class A
Lot Size 5.74 AC
Building Size 74,297 SF
Average Occupancy 100%
No. Stories 2
Year Built 2022

UNIT AMENITIES

  • Dishwasher
  • Washer/Dryer
  • Heating
  • Refrigerator
  • Oven
  • Range
  • Walk-In Closets
  • Vinyl Flooring
  • Quartz Countertops

SITE AMENITIES

  • Grill
  • Car Charging Station

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 44 $1,920 1,431

ZONING

Zoning Code R-4 (R-4: Multi Family Residential District)
  • Listing ID: 34653530

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 533 Bellamy Ln, Clarksville, TN 37043