701 Cumberland Drive

Clarksville, TN 37040

$895,000
Price
2
Beds
2
Baths
4,780 Sq. Ft.
$187 / Sq. Ft.
4,780
Sq. Ft.
$187
per Sq. Ft.

Description

10 Unit Apartment Complex in Clarksville! A lot of upgrades have been made to each building including new plumbing, new siding, renovating the units as they have turned over, new laundry building (remodeled). $5,780 monthly income with two vacant units currently for rent for $795. There is the opportunity to make the tenants pay their own electric as well. Water is master metered. Some of the units have been renovated, others are existing with good paying tenants. There is still value to add in this...10 Unit Apartment Complex in Clarksville! A lot of upgrades have been made to each building including new plumbing, new siding, renovating the units as they have turned over, new laundry building (remodeled). $5,780 monthly income with two vacant units currently for rent for $795. There is the opportunity to make the tenants pay their own electric as well. Water is master metered. Some of the units have been renovated, others are existing with good paying tenants. There is still value to add in this complex. Sale includes both 701 and 685 Cumberland dr.
  1. Listed by Devan McClish • Everything Real Estate • 6154183133

Property Details for 701 Cumberland Drive

Subdivision Name
Elder
Waterfront
No
LISTING UPDATED: 12/09/2024 06:14 PM

Property Details for 701 Cumberland Drive

StatusActive
MLS #2752559
Days on Market41
Taxes$1,313 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size-
CountyMontgomery County

Building Information for 701 Cumberland Drive

Stories2Residences10Year Built1941Building Size-Lot Size-

Property Information for 701 Cumberland Drive

Summary
Location and General Information
  • Directions: I24 to exit 6 to cumberland
  • Elementary School: Rossview Elementary
  • High School: Rossview High
  • Levels: One
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Rossview Middle
  • Mlg Can View: Yes
  • Zoning: commercial
Parking
  • Garage Spaces: .00
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Laminate
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 063066K J 04700 00012066N
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Vinyl Siding
  • Documents Count: 0
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Stories: 2
  • Year Built Details: RENOV
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Heating: Electric
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
  • Laundry Features: Share
Exterior Features
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Unit 1
  • Unit Type Actual Rent: $1.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $1.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Rental Information
Rental Information
  • Total Actual Rent: $2

Property History for 701 Cumberland Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 Cumberland Drive

Taxable ValueLand-Additions-Total-
Tax Record2023$1,743 ($145 / month)
Home Facts
Total Finished SqFt3,580 SqFtAbove Grade Finished SqFt3,580 SqFtStories2Lot Size4,792 SqFtStyleStoresYear Built1941ZoningR-2CountyMONTGOMERYAPN066K J 04700 000

Schools near 701 Cumberland Drive

This home is within Montgomery County School District.
Rating
School
Type
Grades
Distance
Norman Smith Elementary School
Public - PK to 5
Rossview Middle School
Public - 6 to 8
Rossview High School
Public - 9 to 12
The Middle College @ Austin Peay State Univ
Public - 11 to 12
Rating
School
Distance
Norman Smith Elementary School
PublicPK to 5

Rossview Middle School
Public6 to 8

Rossview High School
Public9 to 12

The Middle College @ Austin Peay State Univ
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 701 Cumberland Drive, Clarksville, TN 37040

701 Cumberland Drive is a multi-family home for sale in Clarksville, TN 37040. This property was listed for sale on October 26, 2024 by Everything Real Estate, it's currently listed at $895,000. It has been on the market for a total of 41 days and was last sold on October 5, 2022. This listing's school district is Montgomery County School District. Nearby schools include Norman Smith Elementary School, Rossview Middle School and Rossview High School. 701 Cumberland Drive is a 2-bed, 2-bath, 4,780 sqft multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Everything Real Estate, Devan McClish (615.418.3133)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 12/09/2024 06:14 PM