USATNClarksvilleFlint Ridge267 Smithson Ln

267 Smithson Ln, Clarksville, TN

House

For Sale

Listed price in listed location currency (USD).

$725,000

0010

MLS® 3137039

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size 4612 sqft

Garage

Taxes $9,630

Days Active 31

Lot Size

Approx. Age 2021

Avg. Price Per Sqft $157

MLS® Number 3137039

Property Address: 267 Smithson Ln, Clarksville, TN, 37040-2147

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number3137039

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2021

Basement

DrivewayConcrete, Shared Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 28, 2026List Date

$725,000List Price

Commute

Commute

Starting Address

Destination Address

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