604 Cory Dr
Clarksville, TN, 37040 $ 650,000
Bedrooms12 Baths8.0 Sq 4,856 Monthly Estimate*
$ 4,104
for $650,000 with 12 bedrooms and 8 full baths. This 4,856 square foot home was built in 2007.
A rare opportunity in one of Tennessee's hottest investor markets: 604 Corey Drive is a fully occupied, income-producing 4-unit multifamily property offering immediate cash flow with built-in flexibility for an owner-occupant buyer. All four units are currently leased, but one is on a month-to-month term, meaning a buyer can move into that unit while collecting rental income from the other three, and potentially qualify for VA, FHA, or conventional owner-occupied financing. Ask about our preferred lender for details. Recent capital improvements add real value: the roof is only a few years old, and several HVAC units have been recently replaced, cutting near-term maintenance costs for a new owner. It's also uncommon to find 3-bedroom units with attached garages at this price point, adding a level of tenant appeal and rent-growth potential rarely seen in comparable multifamily offerings. Minutes from Fort Campbell, Clarksville is one of Tennessee's hottest investor markets, fueled by strong rental demand from military relocations, PCS turnover, and steady population growth, plus a landlord-friendly climate and affordability relative to Nashville. Whether you're an investor adding a stabilized, cash-flowing asset or a buyer ready to house-hack, 604 Corey Drive delivers income, flexibility, and location in one package. Possible Short-Term Rental/Airbnb potential — buyer to confirm zoning with the County. Note: Unit 1 rent reflects projected market rent; the unit is currently occupied but month-to-month, so it can be vacated for an owner-occupant buyer pursuing VA/FHA financing. Contact us today for full financials, rent roll, and financing options. SELLER AND LENDER ARE OFFERING SIGNIFICANT INTEREST RATE REDUCTION AVAILABLE THROUGH PREFERRED LENDER - RATES WELL BELOW MARKET FOR QUALIFIED OFFERS! TERMS ARE NEGOTIABLE, CALL FOR DETAILS.
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FeaturesGeneralLiving Area 4856
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Electricity Available Water Available
Possession Close Of Escrow
Roof Shingle
Zoning MULTI
Garage Spaces 1
Construction Materials Brick
Year Built 2007
Tenant Pays Cable TV Electricity Water
View Trees/Woods
Stories Count 2
Levels Two
Gross Income 57900
County Montgomery County TN
Net Operating Income 43904
Operating Expense 13996
New Construction N
Property Type Residential Income
Attached Garage Y
Subdivision Name Keystone Apartments
Garage Y/N Y
Rent Includes Other Trash Collection
Status Active
Directions Heading West on Needmore Rd turn right on Keyland Dr left on Cory Dr building is at the end of the cul-de-sac.
High School Northwest High School
City Clarksville
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Elementary School Glenellen Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 7811
Middle/Junior High School Northeast Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 4825
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InteriorFlooring Carpet Tile
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 4856
Laundry Features Individual Electric Dryer Hookup Washer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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ExteriorParking Features Garage Faces Front
Water Source Public
Total Parking 1
Inclusions Appliances
Building Area Total 4856
Waterfront Y/N N
Covered Spaces 1
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* Excluded FeaturesList Byethan@thelanagangroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,104
- Monthly Property Taxes
- $651
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Clarksville, TN
Average List Price $965,658
Percent of Sale Price 49%
About Clarksville, TN 156,694 Population
53% Since 2002
$ 49,656 Median Income
32.36 Median Age
38% Households with Children
Trends Information provided by ATTOM Data Solutions.
4951109 Elementary School
4313778 Middle School
Northwest High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/23/2026 | $650,000 | | Listed Price |