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The Valere Apartments 130 Jack Miller Blvd 48 Unit Apartment Building $7,258,784 CAD ($151,225 CAD/Unit) Clarksville, TN 37042
INVESTMENT HIGHLIGHTS
- CONTINUATION OF CURRENT VALUE-ADD PROGRAM
- NASHVILLE COMMUTER TOWN BECOMES FASTEST GROWING MARKET IN TENNESSEE
- ORGANIC RENT GROWTH OPPORTUNITY
- STRATEGIC LOCATION NEAR KEY ECONOMIC AND LIFESTYLE DRIVERS
EXECUTIVE SUMMARY
Northmarq is pleased to present The Valere Apartments, a rare opportunity to acquire a well-maintained,
1970s-vintage asset with immediate upside through a continuation of the current value-add program targeting unit interiors and amenities. With a desirable 50/50-unit mix of 1 & 2BR units featuring oversized two-bedroom floor plans, the property is uniquely positioned to compete with newer assets at a significantly lower basis.
Located in Clarksville, Tennessee—one of the fastest-growing cities in the state—the property benefits from strong multifamily fundamentals, including robust population growth, rising household incomes, limited new supply, and a predominantly renter-based demographic. Its strategic location near Fort Campbell, Austin Peay State University, and the Fort Campbell Blvd retail corridor further drives demand, offering stable occupancy and long-term growth potential for new ownership.
1970s-vintage asset with immediate upside through a continuation of the current value-add program targeting unit interiors and amenities. With a desirable 50/50-unit mix of 1 & 2BR units featuring oversized two-bedroom floor plans, the property is uniquely positioned to compete with newer assets at a significantly lower basis.
Located in Clarksville, Tennessee—one of the fastest-growing cities in the state—the property benefits from strong multifamily fundamentals, including robust population growth, rising household incomes, limited new supply, and a predominantly renter-based demographic. Its strategic location near Fort Campbell, Austin Peay State University, and the Fort Campbell Blvd retail corridor further drives demand, offering stable occupancy and long-term growth potential for new ownership.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $7,258,784 CAD | Building Class | C |
| Price Per Unit | $151,225 CAD | Lot Size | 2.36 AC |
| Sale Type | Investment | Building Size | 42,600 SF |
| No. Units | 48 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Garden | Parking Ratio | 1.28/1,000 SF |
| Zoning | C-3 | ||
| Price | $7,258,784 CAD |
| Price Per Unit | $151,225 CAD |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.36 AC |
| Building Size | 42,600 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1975 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | C-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 600 |
| 2+1 | 24 | - | 1,000 |
1 1
PROPERTY TAXES
| Parcel Number | 019-035.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $998,006 CAD |
PROPERTY TAXES
Parcel Number
019-035.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$998,006 CAD
CONTACTS
-
Jordan Arand -
Adam Klenk -
Austin Heithcock -
Blake Wiser -
Quentin Nichols -
Northmarq
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The Valere Apartments | 130 Jack Miller Blvd
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