KW Commercial | Clarksville is pleased to exclusively present a rare investment offering to acquire a 12-unit trio of new construction multifamily assets with a fantastic location off Purple Heart Parkway in Clarksville, Tennessee. 1655 Evans Road was constructed in September 2024, providing a new owner with an impeccable asset that has never been occupied. The property resides on a spacious 3.40-acre lot with R4 residential zoning. The offering comprises three four-unit buildings, all of which have two bedrooms and 1.5 bathrooms. There are 26 surface-level parking spaces for residents, ensuring all have convenient parking. All units feature high-end appliances and amenities and have tremendous natural lighting.

1655 Evans Road sits just off Evans Road and near Purple Heart Parkway, Lafayette Road, and Alt Route 41, providing smooth access to Downtown Clarksville and Fort Campbell. The property is located within 3 miles of multiple schools, including Minglewood Elementary School, Northwest High School, and Liberty Elementary School, making it a convenient choice for parents. There are countless nearby amenities, including Walmart Supercenter, Aldi, Walgreens, Ollie's Bargain Outlet, Dollar Tree, Planet Fitness, Taco Bell, Wendy's, and much more.

The Clarksville area has seen tremendous growth in the past decade, which is expected to continue as more people relocate to the Volunteer State. Currently, the 10-mile population exceeds 214,670 residents with a strong average household income above $70,700 and total specified consumer spending above $2.2 billion. This population is expected to rise to roughly 248,200 residents by 2029, a 3.1% increase. The 10-mile population comprises 49% renters and 51% owner-occupant households, but more residents will necessitate apartment living as the population continues to grow and Clarksville continues to expand.

1655 Evans Road is a prime investment opportunity with tremendous upside through a strategic lease-up in a dynamic and thriving northern Tennessee metro.