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1219 Snowball Lane
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1219 Snowball Lane

$10,700,000 $5,944/sqft For Sale

1219 Snowball Lane
Clarksville, TN 37042

34 Units, 1800 SqFt

Still Accepting Offers

The owner has accepted a contract for this property.  However, the contract may allow the prospective buyer to back-out of the contract if certain contingencies are not met.  For example, the buyer may not be able to follow through with the purchase if the property does not pass inspection, the buyer cannot sell their current home, or financing cannot be secured.

Therefore, the current owner is still asking for and accepting offers.   In certain situations, the current owner may be able to cancel their existing contract should another offer be made. 

Please contact the listing agent to learn more.

Not Available For Showing

This property is not currently being shown and cannot be shown until (subject to change). This does not prevent the submittal and/or acceptance of offers to purchase without viewing the property.

Showing a listing while is in violation of MLS Rule 2.10.

Seller Concessions Offered

Seller concessions can be used for closing costs, repairs, buyer broker fees, and/or other expenses. They cannot be exclusively tied, limited to or conditioned for payment of buyer broker fees. It is critical to note:

  1. The Seller Concessions Offered field is intended to convey a seller’s willingness to offer money to prospective buyers for out-of-pocket expenses.
  2. Concessions are non-binding and are NOT guaranteed
  3. Requests for concessions should be submitted with the Offer to Purchase.

Directions: Take Screaming Eagle Blvd and Tiny Town Rd to Franklin Meadows Way in Clarksville. Use the left 2 lanes to turn left onto Tiny Town Rd.Take Allmon Dr to Snowball Ln Turn right onto Franklin Meadows Way Turn right at the 1st cross street onto Allmond Dr

$10,700,000 $5,944/sqft For Sale

1219 Snowball Lane
Clarksville, TN 37042

34 Units, 1800 SqFt

Still Accepting Offers

The owner has accepted a contract for this property.  However, the contract may allow the prospective buyer to back-out of the contract if certain contingencies are not met.  For example, the buyer may not be able to follow through with the purchase if the property does not pass inspection, the buyer cannot sell their current home, or financing cannot be secured.

Therefore, the current owner is still asking for and accepting offers.   In certain situations, the current owner may be able to cancel their existing contract should another offer be made. 

Please contact the listing agent to learn more.

Not Available For Showing

This property is not currently being shown and cannot be shown until (subject to change). This does not prevent the submittal and/or acceptance of offers to purchase without viewing the property.

Showing a listing while is in violation of MLS Rule 2.10.

Seller Concessions Offered

Seller concessions can be used for closing costs, repairs, buyer broker fees, and/or other expenses. They cannot be exclusively tied, limited to or conditioned for payment of buyer broker fees. It is critical to note:

  1. The Seller Concessions Offered field is intended to convey a seller’s willingness to offer money to prospective buyers for out-of-pocket expenses.
  2. Concessions are non-binding and are NOT guaranteed
  3. Requests for concessions should be submitted with the Offer to Purchase.
  • MLS
    2620939
  • Status
    Active
  • Year Built
    2014 Existing
  • County
    Montgomery County, TN
  • Subdivision
    Franklin Meadows
  • Zoning
    Resident
  • Type
    Multi Over 4 Units
  • Annual Taxes
    $1,244 | 109-00 00 015.06
  • Days On Market
    306
  • Source
    Realtracs
Open Houses and Livestreams


Public Remarks: UPDATE: Here is the opportunity to own a portfolio of 34 Single Family Residences in one of the fastest growing regions in Tennessee. These properties have been professionally managed and well maintained. The owner took pride in providing quality housing to the demanding short term rental audience and long-term tenants as well. This entire portfolio is within a 20 min radius. The Clarksville community boast a robust economic climate with a strong community feel and highly rated school system. All homes are in close proximity to the second largest US Military base known as Ft Campbell. This base employs more than 30,000 active duty military personnel, not to mention the 70,000+ retired veterans who have remained in the area. Currently, there are eighteen(18) properties operating with long term tenants in place, generating gross rents of $30,700 per month. There are sixteen (16) short term rentals, generating approximately $800,000 per year. All homes are in excellent condition.

Directions: Take Screaming Eagle Blvd and Tiny Town Rd to Franklin Meadows Way in Clarksville. Use the left 2 lanes to turn left onto Tiny Town Rd.Take Allmon Dr to Snowball Ln Turn right onto Franklin Meadows Way Turn right at the 1st cross street onto Allmond Dr

Financials

  • Gross Income $1,002,700
  • Net Income $512,700
  • Operating Expenses $490,000
  • Reserves $100
  • Sale Includes Appliances
  • Total Units 34
  • Gross Income $1,002,700
  • Net Income $512,700
  • Operating Expenses $490,000
  • Reserves $100
  • Sale Includes Appliances
  • Total Units 34
Unit Details

Unit(s) Info
Beds/Baths 3 Beds / 3FB 3 Beds / 2FB
Rent $1,700 $1,852
Deposit $1,200 $1,200
Lease Year Year
Square Footage

  • Main Floor 1,800 SqFt
  • Total 1,800 SqFt / Owner Supplied
  • Main Floor 1,800 SqFt
  • Total 1,800 SqFt / Owner Supplied
Lot

No listing data available
Structure

  • Construction Other
  • Floors Carpet, Other
  • Parking (Garage) 2 / Unassigned
  • Stories 2
  • Construction Other
  • Floors Carpet, Other
  • Parking (Garage) 2 / Unassigned
  • Stories 2
Utilities and Appliances

  • Water & Sewer City Water / Public Sewer
  • Heating & Cooling Central Heat, Central Air Cooling
Utility Meters

Meter Payments
Electric Individual Electric Meter Tenant Pays Electric
Gas Individual Gas Meter Tenant Pays Gas
Water Individual Water Meter Tenant Pays Water
Features

No listing data available
Community

  • Association No HOA
Schools

  • Elementary Barkers Mill Elementary
  • Middle West Creek Middle
  • High West Creek High
Agent and Office

Contract Info

  • Listing Detail Exclusive Agency / Standard
  • Deed Book / Page 727 / 388
  • Financing Conventional, FHA, Other
  • List Date 2/16/24
  • Original List Price $12,000,000
  • Listing Detail Exclusive Agency / Standard
  • Deed Book / Page 727 / 388
  • Financing Conventional, FHA, Other
  • List Date 2/16/24
  • Original List Price $12,000,000
Documents and Links

No documents or links available
Property History ReportHistory

1219 Snowball LaneClarksville, TN 37042
DateEventPriceDOM
09/19/2024 Active 09/19/2024 (DOM: 205) 20509/11/2024 UC - Showing 09/11/2024 (DOM: 204) 20405/17/2024 Price: -$1,300,000 05/17/2024 (DOM: 87) $10,700,000 8702/19/2024 Active 02/19/2024 (DOM: 0) $12,000,000 0
09/19/2024 Active 09/19/2024 (DOM: 205) 20509/11/2024 UC - Showing 09/11/2024 (DOM: 204) 20405/17/2024 Price: -$1,300,000 05/17/2024 (DOM: 87) $10,700,000 8702/19/2024 Active 02/19/2024 (DOM: 0) $12,000,000 0
Financial Calculators

Mortgage
Amortization
Principal & Interest
$51,156.54
Property Tax
$103.67
Home Insurance
$83.34
HOA
$0.00
$51,344
MONTHLY
Apply Now
$
$
%
$
$
$

Information believed to be accurate but not guaranteed. Buyers should
independently verify all information prior to submitting any offer to purchase.

Report Date: 12/29/24

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Seller Concessions Offered

Seller concessions can be used for closing costs, repairs, buyer broker fees, and/or other expenses. They cannot be exclusively tied, limited to or conditioned for payment of buyer broker fees. It is critical to note:

  1. The Seller Concessions Offered field is intended to convey a seller’s willingness to offer money to prospective buyers for out-of-pocket expenses.
  2. Concessions are non-binding and are NOT guaranteed
  3. Requests for concessions should be submitted with the Offer to Purchase.
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Listing Agent Lisa Carter
Commerical Agent
SVN Accel Commercial Real Estate
53/500
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