604 Cory Dr, Clarksville, TN 37040
- $650,000
- 4,856
- SqFt
- List Price
- $650,000
- MLS#
- 3304120
- Days on Market
- 5
- Property Type
- Multifamily
- Sqft. of Residence
- 4,856
- County
- Montgomery County
- Status
- ACTIVE
Property Description
A rare opportunity in one of Tennessee's hottest investor markets: 604 Corey Drive is a fully occupied, income-producing 4-unit multifamily property offering immediate cash flow with built-in flexibility for an owner-occupant buyer. All four units are currently leased, but one is on a month-to-month term, meaning a buyer can move into that unit while collecting rental income from the other three, and potentially qualify for VA, FHA, or conventional owner-occupied financing. Ask about our preferred lender for details. Recent capital improvements add real value: the roof is only a few years old, and several HVAC units have been recently replaced, cutting near-term maintenance costs for a new owner. It's also uncommon to find 3-bedroom units with attached garages at this price point, adding a level of tenant appeal and rent-growth potential rarely seen in comparable multifamily offerings. Minutes from Fort Campbell, Clarksville is one of Tennessee's hottest investor markets, fueled by strong rental demand from military relocations, PCS turnover, and steady population growth, plus a landlord-friendly climate and affordability relative to Nashville. Whether you're an investor adding a stabilized, cash-flowing asset or a buyer ready to house-hack, 604 Corey Drive delivers income, flexibility, and location in one package. Possible Short-Term Rental/Airbnb potential — buyer to confirm zoning with the County. Note: Unit 1 rent reflects projected market rent; the unit is currently occupied but month-to-month, so it can be vacated for an owner-occupant buyer pursuing VA/FHA financing. Contact us today for full financials, rent roll, and financing options. SELLER AND LENDER ARE OFFERING SIGNIFICANT INTEREST RATE REDUCTION AVAILABLE THROUGH PREFERRED LENDER - RATES WELL BELOW MARKET FOR QUALIFIED OFFERS! TERMS ARE NEGOTIABLE, CALL FOR DETAILS.
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Additional Information
- Construction Type
- Brick
- Cooling System
- Central Air, Electric
- Elementary School
- Glenellen Elementary
- Floor Types
- Carpet, Tile
- Garage Capacity
- 1
- Garage Description
- Garage Faces Front
- Heating System
- Central, Electric
- High School
- Northwest High School
- Junior High School
- Northeast Middle
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 4,856
- Number Of Stories
- 2
- Roofing Material
- Shingle
- Sewer System
- Public Sewer
- Subdivision
- Keystone Apartments
- Tax Amount
- $7,811
- Water Source
- Public
- Year Built
- 2007
- Zoning
- MULTI
- Type
- Multifamily
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Listing courtesy of Compass RE.
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