267 Smithson Ln, Clarksville, TN 37040

• 4,612 sqft

Property 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 $4,698 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,

Listing Status:

Active

Date Added:

February 28, 2026

Data Last Updated:

May 9, 2026 at 6:19PM

Listing Office:

Keller Williams Realty Clarksville : 7075922777

Listing Agent:

James Church : 7075922777

MLS ID:

3137039

Interior

• Laundry: IndividualElectric Dryer HookupWasher Hookup
• Flooring: Luxury Vinyl
• A/C: Ceiling Fan(s)Central Air
• Heating: CentralHeat Pump

Exterior

• Parking: ConcreteShared DrivewayParking spaces: 10

Construction

• Roofing: Asphalt
• General: Two

Location

• HOA Amenities: Sidewalks
• Originating MLS: realtrac
• County: Montgomery CountyTN

Lot

• Zoning: R-4063041A F 03600 00006041

Utilities

• Utilities: Water Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: realtrac