Property Details

Multi-Family Zoned 7.1 Acres with River Views!

May 31, 2020

N DEAN RD - CLARKSVILLE, TN 37040

Lucky Dog Price: $182,000

Market Value: $265,000

Savings of 31%!!

Acreage Zoning Flood Zone Utilities Survey Perc Test Access
7.1 Acres R-4 No Electric: City Available
Sewage: Well Needed
Water:City Available
No None Paved Road

Developers dream! Not only is this one of the few multi-family zoned (R-4) properties for sale in the area, it also comes with panoramic views of the Cumberland River! Perfect for builders and developers looking for an amazing opportunity at the heart of an un-tapped rental area. Just on the other side of the Cumberland River, this 7.1-acre lot is within walking distance to shops, stores, restaurants and other establishments in the area. The center of Clarksville and Austin Peay State University are a quick, 10-minute drive up State Hwy 48 N/TN-13 N. Fort Campbell, home of the 101st Airborne Division, is an easy, 27-minute commute. Average rent for a 2-bedroom apartment in Clarksville is $812 and $694 for 1-bedroom. Don’t miss out on this incredible opportunity to capitalize on this cities growing economy. Seller financing available.

Site Address: N DEAN RD - CLARKSVILLE, TN 37040

Parcel Size: 7.1 Acres (309,276 sq. ft.)

Lot Dimensions: Approximately 525 x 985 ft.

Parcel Number: 091E-A-023.00

Neighborhood: Cumberland Heights Rural

County: Montgomery

Zoned: R-4 MULTI FAMILY RESIDENTIAL DISTRICT (Residential, Multi-Family High-Density) District. The R4 zoning district provides for the development of a wide range of high-density multi-family housing, including apartments and condominiums.

Water: City (“Cumberland Heights Utility District”)

Sewer: Septic (not installed)

Electric: City, at line (“Cumberland Electric Membership Co-op”)

Subdivision: Cumberland Heights Rural

HOA: None

Annual Taxes: $477

Elevation: 483 ft

Flood Zone: No, however small tip of NW corner shows on FEMA map (see FEMA map in photos)

Property Access: Paved Road, highway access nearby.

School District: Montgomery County, TN

○ Cumberland Heights Elementary School | PK-5 (2.59 mi.)

○ Montgomery Central Middle & High School | 6-12 (5.4 mi.)

Plat Map: Not available currently, can be ordered by buyer

Survey: Not available currently, can be ordered by buyer

Buyers Agent: 3% Commission Offered

Title Provided: Warranty Deed w/ Title Insurance

Closing Costs: Buyer pays all closing costs, including a one-time doc fee of $299. Any down payment or funds received are NON-REFUNDABLE.

Center GPS Coordinates: 36.480598, -87.378491

Optional Seller Financing with down payment of $50,000. Property sold at retail market value ($265,000), if seller financed. Payments start as low as $2,129 for 360 months. Other payment options available. No pre-payment penalty. Notes are held at 11.5% annual interest. Seller financing options require a $12/mo note service fee. A one-time $299 document fee applies to all cash and financing sales.

Directions:

From State Hwy 48 N/TN-13: Turn West on Dean Rd/Salem Rd. Property is 1,000 feet (0.2 mi.) on the right.

This property is currently in escrow with the registered owner and being pre-marketed under the agreed upon purchase terms. Property will be transferred with Warranty Deed and title insurance. Buyer to pay all closing costs. Any down payment or funds received are NON-REFUNDABLE. Lucky Dog Land Deals is a national real estate investment company and in most cases we have not viewed the property in person. All of the information for this property that we are aware of has been disclosed within the listing details on our website. Please direct any additional questions regarding this property to the associated city/county governmental agency. Buyer is responsible for performing their own due diligence to verify all information is accurate and to be sure the property fits their current needs.

Terms and Conditions

Seller financing options require a $9.95/mo note service fee. Seller financing is only available with a full asking price offer. Any down payment or funds received are NON-REFUNDABLE. We are a national real estate investment company and in most cases we have not viewed the property in person. All of the information for this property that we are aware of has been disclosed within the listing details on our website. Please direct any additional questions regarding this property to the associated city/county governmental agency. Buyer is responsible for performing their own due diligence to verify all information is accurate and to be sure the property fits their needs. This property may still be in the process of closing with the previous owner and the deed will be transferred into our name shortly. In the meantime, this property is being pre-marketed with the permission of the previous owner. This property is guaranteed to be sold with a Warranty Deed and full title insurance.

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