606 Park Ave

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Address: 606 Park Ave, Hopkinsville, KY 42240, USA

Atlanta & Southeast + Apartment Buildings

Created date: August 19, 2024

Date last updated: September 10, 2024

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

Property Description

SVN | Accel Commercial Real Estate is pleased to bring to market a 48 unit opportunity with 3.9% assumable debt in the Clarksville MSA. This property is situated on 5.52 acres in Hopkinsville KY - a rapidly growing market with over $1 billion in incoming projects. Ownership has completed renovations on 37 units with a proven value add strategy leaving 11 units available to complete. There is an on-site laundry room, leasing office as well as additional acreage to add more amenities. This is a rare opportunity to acquire an asset in this lending environment with a 3.9% interest rate with over 7 years remaining.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$4,599,000
No. of Units:	48
Year Built:	1975
Lot Size:	5.52 Sq ft
Opportunity Zone:	No
Price per unit:	$95,813
Property Website	Click Here