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Description
Capstone is pleased to present Avondale Park, a 96-unit property located in Clarksville, TN. The property is on a large parcel that’s tucked away and surrounded by new construction homes. Current owners self-manage and there’s a lot of operational upside. There is potential to build more units at the property as well.
Highlights:
- H Building had fire damage; tore down half the building and fully rebuilt the units; these are all 3B/1.5BA; so 8 of the units have 1.5 baths
- Amenities include a leasing office, clubhouse, and pool
- 40 or so units have been renovated
- New HVAC systems
- Renovated units have 3mm Down Flooring, gray eggshell paint, white trim, white appliances, hard shell tub surrounds, and pedestal vanities
- A handful of units have stainless steel finishes
- Electricity is separately metered; tenant pays directly
- Water/sewer is billed back to tenants; water fee: 1bd $25, 2bd $35, 3bd $45, 4 bd $55
Address
Open on Google Maps- Address 1351 Avondale Drive
- City Clarksville
- State/county Tennessee
- Zip/Postal Code 37040
Contact Information
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