606 Park Ave, Hopkinsville, KY 42240
48 Unit Apartment Building | $4,599,000 ($95,813/Unit) | Hopkinsville, KY 42240
For Sale
Active
Asking Price $4,599,000
- Property Type
-
Multifamily
- Square Feet
- 32,016 SF
Listing Contacts
Kunal Patel
Brian Truman
- Property Info
Property 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
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 Details
- Class
- B
- Year Built/Renovated
- 1975/2024
- Stories
- 2
- Lot Size (sq. ft)
- 240,451 SF
- Units
- 48
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
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