267 Smithson Ln, Clarksville, TN 37040
Local realty services provided by:Reliant Realty ERA Powered
267 Smithson Ln,Clarksville, TN 37040
$725,000
- - Beds
- - Baths
- 4,612 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Fri, Apr 2410:00 am - 12:00 pm
Listed by: james church
Office: keller williams realty clarksville
MLS#:3137039
Source:NASHVILLE
Price summary
- Price:$725,000
- Price per sq. ft.:$157.2
About this home
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 $4,500 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, which requires active duty military status, veteran status, or eligible reservist status along with a valid Certificate of Eligibility showing sufficient entitlement. Proof of funds for the equity portion of the purchase will be required. The assumption process typically takes 45 to 90 days. Buyer and buyer's agent should independently verify all information including rental income, loan terms, and property condition. Photos and Video to Follow....
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Home facts
- Year built:2021
- Listing ID #:3137039
- Added:53 day(s) ago
- Updated:April 23, 2026 at 05:38 PM
Rooms and interior
- Living area:4,612 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central, Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Asphalt
- Year built:2021
- Building area:4,612 sq. ft.
- Construction Materials:Brick, Vinyl Siding
- Levels:2 Story
Schools
- High school:Kirkwood High
- Middle school:Kenwood Middle School
- Elementary school:Glenellen Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$725,000
- Price per sq. ft.:$157.2
- Tax amount:$9,630
Parking
- Total parking spaces:10
- Parking description:Concrete, Shared Driveway
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