267 Smithson Ln, Clarksville, TN 37040
- $725,000
- 4,612
- SqFt
- List Price
- $725,000
- MLS#
- 3137039
- Days on Market
- 154
- Property Type
- Multifamily
- Sqft. of Residence
- 4,612
- County
- Montgomery County
- Status
- ACTIVE
Property Description
Quadplex in Flint Ridge with an assumable VA loan at a 2.706% fixed interest rate. This is a rare opportunity to acquire an income-producing multi-family property with below-market financing already in place. The existing first mortgage of approximately $399,000 is eligible for VA loan assumption by a qualified buyer with sufficient VA entitlement. A discounted second note is also part of the transaction structure, creating additional value for the right buyer. Sellers are motivated and will consider reasonable offers. The property features four two-story townhome-style units, each with 2 bedrooms and 2.5 bathrooms. Total living area is 4,612 square feet on a half-acre lot zoned R-4 Multi-Family Residential. Construction includes common brick exterior, composition shingle roofing, slab-on-grade foundation, and individual HVAC split systems in each unit. The 2026 county appraised value is $807,900. 3 units rented and a 4th almost signed up, Gross monthly rental income is $4,698 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,
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Additional Information
- Community Amenities
- Sidewalks
- Construction Type
- Brick, Vinyl Siding
- Cooling System
- Ceiling Fan(s), Central Air
- Elementary School
- Glenellen Elementary
- Floor Types
- Luxury Vinyl
- Heating System
- Central, Heat Pump
- High School
- Kirkwood High
- Junior High School
- Kenwood Middle School
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 4,612
- Lot Dimensions
- 85
- Number Of Stories
- 2
- Roofing Material
- Asphalt
- Sewer System
- Public Sewer
- Subdivision
- Flint Ridge
- Tax Amount
- $9,630
- Water Source
- Public
- Year Built
- 2021
- Zoning
- R-4
- Type
- Multifamily
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Listing courtesy of Keller Williams Realty Clarksville.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.