Interior Value-Add Opportunity: New ownership will have the opportunity to add value to the property by upgrading the interiors with new countertops, black appliances, and LVT flooring.
Room to Grow Rents: Top of the market rents are achieving $250 more on 1 bed and over $400 more on 2 bed units than Chamberlain, leaving new ownership with rent growth potential. According to CoStar, Clarksville rent growth of over 3% is at a faster pace than many surrounding metros, including Nashville and Louisville.
Diverse Demand Drivers Base: Clarksville and the surrounding area is home to a diverse set of demand drivers, including:
Significant Capital Infused into Clarksville: Multiple major projects are contributing to the growing economic landscape in Clarksville, including:
3rd Largest Military Base: Fort Campbell has a $10.1 billion per year economic impact for Tennessee and provides over 58,000 direct and indirect jobs.
Top Ranked, Rapidly Growing City: Clarksville has seen rapid population and economic growth and has been highly ranked by multiple publications as a result
Nearby Opportunity Zone Provides Attractive Development Incentive: Chamberlain is located less than a mile from one of Clarksville’s Opportunity Zones, providing a future roadmap for developers.