CLARKSVILLE, TN—Capstone Apartment Partners has brokered the $2,090,000 sale of Eldo’s Trace: a 19-unit for-rent townhome community in Clarksville, Tennessee off Peachers Mill Rd.
The Capstone transaction team was led by Nashville-based Tyler Mayo and Adam Klenk. The buyer is a West Coast owner who is focusing on well-performing multi-family acquisitions in Tennessee and the Southeast.
“The acquisition of Eldo’s Trace Townhomes was orchestrated off-market and again reinforces the strength of the Clarksville apartment market, as well as our intimate knowledge of each and every multi-family owner in the city,” said Mayo.
Eldo’s Trace was built in 2013 and was 100% occupied at the time of closing. The asset is comprised of 19 two-bedroom townhome units with fully equipped kitchens and ceiling fans.