1531 E Knollwood Cir

Investment Overview

Turnkey 5-unit brick townhome in Clarksville's Knollwood Hills subdivision. 4,368 SF, 2-story, built 1989, zoned R-4 Multi-Family. 100% occupied — all 5 units at market rents ($825–$900/mo, avg $860/unit, $4,300/mo GPR). Fresh mechanicals: HVAC replaced Nov 2025, water heater May 2025. Total 2025 capex: $13,171 fully seller-absorbed. Stabilized NOI: $33,410 | Cap Rate: 5.57% @ $599,900 | DSCR: 1.98× | Cash flow: $16,562/yr after debt service. Professional management through PMI Clarksville (7% fee). Flood Zone X (minimal risk). Fiber internet available. Near Fort Campbell, APSU & downtown Clarksville.

Area Overview

Knollwood Hills subdivision, Clarksville, TN 37043 — Montgomery County. City limits — Taxing District 135. Located 2.3 miles from Clarksville High School, 2.5 miles from Richview Middle School, 1.0 mile from Barksdale Elementary. Approximately 5 miles from downtown Clarksville and Fort Campbell military installation. APSU (Austin Peay State University) campus nearby. Seller's market — sub-4 months inventory, 98.6% sold-to-list. Strong rental demand driven by Fort Campbell personnel and APSU students. Three fiber internet providers available: AT&T (5 Gbps), CDE Lightband (1 Gbps), Spectrum (1 Gbps).

Highlights

2025 CapEx Complete: HVAC replaced Nov 2025 ($6,750), water heater May 2025 ($1,464), appliances, plumbing fixtures, roof fascia, GFCI electrical. Total $13,171 seller-absorbed — new buyer inherits fresh mechanicals, near-zero deferred maintenance.

100% Occupied: All 5 units at market rents $825–$900/mo. 4 of 5 units on fresh 12-month leases signed post-rehab.

Stabilized Pro Forma: NOI $33,410 | 5.57% Cap Rate | 1.98× DSCR | $16,562/yr positive cash flow.

Comp Support: 9 verified 4–6 unit Clarksville sales (2023–2026) at $139–$153/SF. Median $141/SF × 4,368 SF = $615,888 comp value. Listed below comp at $599,900.

Professional Management: PMI Clarksville, 7% fee (below 8–10% market standard). Turnkey operation.

Absentee/Motivated Seller: Out-of-state LLC, post-rehab disposition, clean title.