267 Smithson Ln Clarksville, TN 37040
4,612 SqFt
Open House
Fri Apr 24, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,612 sqft
Price per Sqft $157
Subdivision Flint Ridge
MLS Listing ID 3137039
HOA Y/N No
Year Built 2021
Annual Tax Amount $9,630
Lot Dimensions 85
Property Description
3 units rented and a 4th almost signed up, Gross monthly rental income is $4,500 with upside potential at lease renewals. The interest rate differential between the assumable loan and current market rates represents significant monthly savings, making this property cash-flow positive under the assumed financing structure. At prevailing market rates, this same property would not generate positive cash flow, which underscores the value of the assumption. Buyer must qualify for VA loan assumption, which requires active duty military status, veteran status, or eligible reservist status along with a valid Certificate of Eligibility showing sufficient entitlement. Proof of funds for the equity portion of the purchase will be required. The assumption process typically takes 45 to 90 days. Buyer and buyer's agent should independently verify all information including rental income, loan terms, and property condition. Photos and Video to Follow.
Location
State TN
County Montgomery County
Zoning R-4
Interior
Heating Central, Heat Pump
Cooling Ceiling Fan(s), Central Air
Flooring Luxury Vinyl
Fireplace N
Exterior
Utilities Available Water Available
Amenities Available Sidewalks
View Y/N false
Roof Type Asphalt
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Elementary Schools Glenellen Elementary
Middle Schools Kenwood Middle School
High Schools Kirkwood High
Others
Senior Community false
Special Listing Condition Standard
Virtual Tour https://properties.615.media/sites/rqlobnoa/unbranded
