Terrific value add opportunity in booming Downtown Clarksville. Lots of new growth in the area to include new student housing, new restaurants, shops, and F&M Bank Arena, opening next year. Good time to take advantage of the growing Clarksville/Middle Tennessee real estate market. Great depreciation for 2022 income, or fix and flip. Current structure has landlord paying water and electric. Sale includes two parcels (side by side): 701 Cumberland Dr. ( Parcel ID/Tax ID 066K J 04700 000) and 681/685 Cumberland Dr. (Parcel ID/Tax ID 066K J 04800 000) for a total of 10 units and an additional building which currently hosts coin operated laundry machines.
Closed
$430,000
701 Cumberland Dr, Clarksville, TN 37040
4beds
4baths
4,693sqft
Multi Family
Built in 1941
-- sqft lot
$-- Zestimate®
$92/sqft
$1,060 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 27, 2025 at 10:44am
Listing Provided by:
Christian Black 931-801-8660,
Century 21 Platinum Properties,
Christian Black 931-801-8660,
Century 21 Platinum Properties
Bought with:
Devan McClish, 326526
Everything Real Estate
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2390244

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Natural Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 4,693
- Total interior livable area: 4,693 sqft
- Finished area above ground: 4,693
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,920 sqft
Details
- Parcel number: 063066K J 04700 00012066N
- Zoning: R2/C2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1941
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Water Available
Community & neighborhood
Location
- Region: Clarksville
- Subdivision: Elder
HOA & financial
Other financial information
- Total actual rent: 2200