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162 Condor Ct
Clarksville, TN 37042
Condor Court · Multifamily Property For Sale
·
45 Units
Investment Highlights
- Unique residential-style community featuring townhome layouts, private patios, decks, attached garages, and ample parking
- Large units with private backyards and two-car garages offer housing options rarely found in comparable multifamily properties
- Rare opportunity to acquire a full multifamily community with scale, unit diversity, and long-term upside potential
- Diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom floorplans appeals to a wide range of tenants
- Current vacancy provides immediate lease-up and value-add upside
Executive Summary
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/302363/condor-court
Marcus & Millichap has been selected to exclusively market for sale Condor Court in Clarksville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-growth submarket with strong rental demand.
Condor Court is a 45-unit multifamily community located in a high-demand Clarksville corridor just minutes from Fort Campbell and Austin Peay State University. The property offers a diverse mix of studio, 1, 2, and 3 bedroom units, including larger townhome-style layouts, allowing it to attract a wide range of tenants and support long term occupancy. Its neighborhood style setting and varied housing options create a more residential feel with broad renter appeal. There is a clear opportunity to increase occupancy and drive revenue through leasing execution, rent growth, and targeted property improvements.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of Condor Court.
Marcus & Millichap has been selected to exclusively market for sale Condor Court in Clarksville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-growth submarket with strong rental demand.
Condor Court is a 45-unit multifamily community located in a high-demand Clarksville corridor just minutes from Fort Campbell and Austin Peay State University. The property offers a diverse mix of studio, 1, 2, and 3 bedroom units, including larger townhome-style layouts, allowing it to attract a wide range of tenants and support long term occupancy. Its neighborhood style setting and varied housing options create a more residential feel with broad renter appeal. There is a clear opportunity to increase occupancy and drive revenue through leasing execution, rent growth, and targeted property improvements.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
At no point should tenants or staff be contacted regarding the sale of Condor Court.
Property Facts
| Price Per Unit | $125,897 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.58 AC |
| Cap Rate | 5.50% | Building Size | 32,163 SF |
| No. Units | 45 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | ||
| Zoning | R-4 - residential | ||
| Price Per Unit | $125,897 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 2.58 AC |
| Building Size | 32,163 SF |
| No. Stories | 2 |
| Year Built | 1988 |
| Zoning | R-4 - residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | - | 385 |
| 1+1 | 8 | - | 650 |
| 2+1.5 | 3 | - | 1,200 |
| 2+2 | 9 | - | 1,122 |
| 3+2.5 | 3 | - | 1,600 |
Property Taxes
| Parcel Number | 019H-D-017.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,701,457 CAD |
Property Taxes
Parcel Number
019H-D-017.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,701,457 CAD
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