10-unit infill apartment community at the corner of Enfield and Marshall Lane in Clarksville. Rare and well-maintained offering - this property is walking distance to all things Clarksville, Downtown, Whole Foods, Lady Bird Lake, etc. Long history of 100% occupied building with very little turnover or down time… Read More between tenants. Low maintenance exterior featuring block and brick. Net Operating Income is $109,000. Top line recurring rental revenue based on April 2025 rent roll (attached) is over $200k/annually. All units are separately metered for all utilities including individual water meters. Many improvements over the past five years including new roof 2 years ago; and several full HVAC and water heater replacements. Detailed financials available to serious buyers. Future exit options include further updating/improvements to existing units; potentially adding additional units; re-developing the property, or condo regime formation of the current units. Priced at just $250k/door for a performing, high-quality building with lots of room for future upside, this is a rare and timely opportunity that features high-quality, stable tenants and cash-flow. Read Less
Property listed by Moreland Properties 512-480-0848 (512) 480-0848
Listing Snapshot
Days Online
52
Last Updated
Property Type
Apartment
Square Ft.
8,664
Lot Size
0.3 Acres
Year Built
1948
MLS Number
3944958
Additional Details
Building
Built in 1948, 8664 total building sqft, Appliances, No Loading, Brick, Block, Frame, Concrete
Disclosures
Lead Based Paint Disclosure
Expenses
Operating Expense: $40,022
Floors
Tile, Wood
Foundation
Pillar Post Pier
Heating
Central
Income
Gross Scheduled Income: 201000, Net Operating Income: 109000
Lot
0.2957 acres, Area: 0.2957
Parking
Circular Driveway
Property
Single building, Updated Remodeled
Sewer
Public Sewer
Taxes
Annual Amount: $42,926, Year: 2024
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, High Speed Internet Available, Sewer Connected, Water Connected
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.