The Rowe At Gate 1 | 48 Units For Sale | Class A Townhome Community

Highlights:

• 48 two-bedroom, 2.5-bath townhomes built in 2020
• Spacious 1,117 SF floorplans with private entrances and multi-level layouts
• Competes with build-to-rent product, not garden-style apartments
• 6.3% vacancy vs. a 15.4% competitive-set average
• $1,395 asking rent, above the $1,327 two-bedroom comp average
• No-renovation upside: T12 NOI of $452,135 to $490,832 in Year 1
• New supply slowing: competing deliveries fall from ~1,600 to 449 units over the next eight quarters
• 2026 Fort Campbell housing allowances for E-4/E-5 soldiers with dependents ($1,743-$1,815) exceed the rent
• Zero deferred maintenance
• Single floorplan and 48-unit scale suit 1031 exchange buyers and private capital
• About 45 minutes from Nashville in one of Tennessee's fastest-growing markets

Description:

The Rowe at Gate 1 offers 2020-built townhome product with income upside that requires no renovation. All 48 units are spacious 1,117 SF two-bedroom, 2.5-bath townhomes with private entrances and multi-level living, positioned against build-to-rent product rather than garden-style apartments.

The property is outperforming its competitive set at 6.3% vacancy versus a 15.4% comp average, while holding a $1,395 asking rent above the $1,327 two-bedroom comp average. T12 NOI of $452,135 has a clear path to $490,832 in Year 1 as concessions and turnover costs normalize and new supply slows. Backed by Fort Campbell and Clarksville's continued growth, the asset delivers new-construction quality with a straightforward path to higher returns.

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