606 Park Ave - Apartments FOR SALE


Hopkinsville, KY 42240
$4,599,000 USD
615-671-4544
606 Park Ave, Hopkinsville, KY for Sale
$4,599,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

606 Park Ave
Hopkinsville, KY 42240


HIGHLIGHTS

  • 3.9% Assumable Loan - 7 Years Remaining
  • CapEx of $177k in the Past Year
  • 37/48 Units Renovated - Proven Value-Add Strategy
  • Rapidly Expanding Clarksville MSA
  • Over $1 Billion in Local Economic Development

OVERVIEW

ASSUMABLE 3.9% INTEREST LOAN!SVN | Accel Commercial Real Estate proudly presents a rare gem in the Clarksville MSA—a 48-unit property with an incredible 3.9% assumable debt and over 7 years left! Situated on 5.52 acres in the booming Hopkinsville, KY market, where over $1 billion in projects are pouring in, this is an opportunity you can't afford to miss. Ownership has already revitalized more than half of the units, with the rest undergoing stylish updates as they become available. The property is packed with amenities, including an on-site laundry room, vending machine, leasing office, and extra acreage perfect for adding more features like storage units or recreational spaces. In today’s tough lending environment, this property’s 3.9% interest rate is truly a rare find. Don't miss your chance to secure this high-potential asset! Please respect the privacy of current tenants and reach out to agents to schedule a showing or request more information! 3.9% Assumable Loan - 7 Years Remaining CapEx of $177k in the Past Year 37/48 Units Renovated - Proven Value-Add Strategy Rapidly Expanding Clarksville MSA Over $1 Billion in Local Economic Development

FOR SALE DETAILS

PRICE

$4,599,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

48

PRICE/UNIT

$95,813

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hoptown Heights - 3.9% Assumable Debt 7 Years

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

104

LAND DETAILS

LAND ACRES

5.52 AC

LAND SF

240,451 SF

ZONING

R-3

APN/PARCEL ID

208-00-06-048.00

ASK ABOUT THIS PROPERTY

Kunal PatelSVN | Accel Commercial Real EstateMore Info
615-671-4544

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Kunal PatelSVN | Accel Commercial Real EstateMore Info
615-671-4544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.