470 Martha Ln Clarksville, TN 37043
Ashland Hills NeighborhoodEstimated payment $6,242/month
Total Views
22,430
8
Beds
--
Bath
6,400
Sq Ft
$164
Price per Sq Ft
Highlights
- No HOA
- Cooling Available
- Carpet
- Barksdale Elementary School Rated A-
- Central Heating
About This Home
Exceptional Investment Opportunity! This property features two full-brick buildings, each offering 4 single-level units for a total of 8 income-producing rentals. Most units have been thoughtfully renovated with premium vinyl flooring, updated appliances, modern lighting, and fresh paint. Seven of the eight HVAC systems have been recently replaced, minimizing future maintenance costs. Nestled in a quiet, tree-lined setting yet conveniently located near shopping and dining, this location offers the ideal blend of privacy and accessibility for tenants. Current rents are below market, presenting immediate upside potential for increased rental income.
Listing Agent
Keller Williams Realty Clarksville Brokerage Phone: 5853053906 License #244291,338748 Listed on: 07/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,099
Year Built
- Built in 1997
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 8 Bedrooms
- 6,400 Sq Ft Home
- Property has 2 Levels
- Fire and Smoke Detector
Flooring
- Carpet
- Laminate
- Vinyl
Parking
- Driveway
- Unassigned Parking
Schools
- Barksdale Elementary School
- Richview Middle School
- Clarksville High School
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- The owner pays for trash collection
- Rent includes trash collection
- Assessor Parcel Number 063080F G 00500 00011080G
Community Details
Overview
- No Home Owners Association
- 8 Units
- Ashland Forest Estat Subdivision
Building Details
- Operating Expense $24,800
- Gross Income $88,980
- Net Operating Income $64,180
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,100 | $271,800 | $0 | $0 |
| 2023 | $8,100 | $171,680 | $0 | $0 |
| 2022 | $7,245 | $173,840 | $0 | $0 |
| 2021 | $7,245 | $171,680 | $0 | $0 |
| 2020 | $6,901 | $171,680 | $0 | $0 |
| 2019 | $6,901 | $171,680 | $0 | $0 |
| 2018 | $6,091 | $138,360 | $0 | $0 |
| 2017 | $1,752 | $83,160 | $0 | $0 |
| 2016 | $4,339 | $83,160 | $0 | $0 |
| 2015 | $5,956 | $141,320 | $0 | $0 |
| 2014 | $5,876 | $141,320 | $0 | $0 |
| 2013 | $7,584 | $173,160 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $1,050,000 | -- | $164 / Sq Ft |
Source: Realtracs
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | $405,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $252,960 | -- | |
| Deed | $21,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $324,000 | Purchase Money Mortgage |
Source: Public Records
About the Listing Agent
Shannon Heim, a licensed Realtor and Broker in Tennessee and Kentucky, leads The Heim Group at Keller Williams Realty. Dedicated to serving your real estate needs, Shannon and his team prioritize your interests through cutting-edge technology, collaborative teamwork, and top-tier marketing strategies.
Beyond his real estate expertise, Shannon actively engages in the local community. He sits on the boards of the Kinsley Lynch Foundation and the SOS Foundation while chairing the 2024
Shannon's Other Listings
Source: Realtracs
MLS Number: 2957564
APN: 080F-G-005.00
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