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Sunset Village Apartments 151 Wallace Blvd 64 Unit Apartment Building For Sale Clarksville, TN 37042
Investment Highlights
- HAP Contract & Recent OCAF Rent Increase
- Nashville Commuter Town — Fastest-Growing Market in Tennessee
- Substantial Capex Recently Completed
- Strategic Location Near Key Economic & Lifestyle Drivers
Executive Summary
Sunset Village presents a rare opportunity to acquire a long-term, HAP-contracted multifamily asset in Clarksville — Tennessee's fastest-growing city — at the intersection of stable, government-backed cash ?ow and genuine market upside. The property's 64 units operate under a long-term Housing Assistance Payment contract, delivering a HUD-underwritten income stream insulated from market volatility, lease-up risk, and tenant credit exposure. That foundation was recently strengthened by an OCAF rent adjustment of approximately 4.9% ($33,024), effective November 1, 2026. This immediately improves NOI with no corresponding increase in operating expense or execution risk — and narrows the long-standing gap between in-place contract rents and prevailing HUD Fair Market Rents.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 6.80 AC |
| No. Units | 64 | Building Size | 56,990 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1983 |
| Apartment Style | Garden | Parking Ratio | 1.4/1,000 SF |
| Building Class | C | ||
| Zoning | R-4 - Multifamily Residential | ||
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.80 AC |
| Building Size | 56,990 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | R-4 - Multifamily Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 64 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 006P-F-020.01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,633,401 CAD |
Property Taxes
Parcel Number
006P-F-020.01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,633,401 CAD
Contacts
-
Jordan Arand -
Adam Klenk -
Austin Heithcock -
Blake Wiser -
Quentin Nichols -
Northmarq
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Sunset Village Apartments | 151 Wallace Blvd
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