Flats at Greentree 1630-1634 Greentree Blvd 32 Unit Apartment Building $4,298,770 CAD ($134,337 CAD/Unit) Clarksville, IN 47129
EXECUTIVE SUMMARY
Southern Indiana Multifamily for Sale
Hoagland Commercial Realtors is pleased to present for sale the Flats at Greentree Apartment Homes in Clarksville, Indiana. Located in a desirable and growing submarket, this asset presents investors with the opportunity to purchase a stabilized multifamily property that has recently undergone drastic overhaul both operationally and with regard to the physical property itself.
The Flats at Greentree features thirty-one 1-br units and one 2-br unit. The facility has on-site coin laundry, with all-new machines as of August 2023.
Current ownership has turned all of the units and tenants within the past eighteen months. Three out of four hot water heaters replaced in 2024, with the remaining one having been replaced in 2022. Over the past couple of years, the exterior of the property itself has received many CapEx updates, including but not limited to:
• New windows and exterior doors on all buildings
• New parking lot paving and striping
• New paint on entirety of exterior
• New roofs in 2020
Reach out to agents today for more information.
Hoagland Commercial Realtors is pleased to present for sale the Flats at Greentree Apartment Homes in Clarksville, Indiana. Located in a desirable and growing submarket, this asset presents investors with the opportunity to purchase a stabilized multifamily property that has recently undergone drastic overhaul both operationally and with regard to the physical property itself.
The Flats at Greentree features thirty-one 1-br units and one 2-br unit. The facility has on-site coin laundry, with all-new machines as of August 2023.
Current ownership has turned all of the units and tenants within the past eighteen months. Three out of four hot water heaters replaced in 2024, with the remaining one having been replaced in 2022. Over the past couple of years, the exterior of the property itself has received many CapEx updates, including but not limited to:
• New windows and exterior doors on all buildings
• New parking lot paving and striping
• New paint on entirety of exterior
• New roofs in 2020
Reach out to agents today for more information.
PROPERTY FACTS
| Price | $4,298,770 CAD |
| Price Per Unit | $134,337 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 20,644 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.84/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | - | 700 |
| 2+1 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 10-24-03-200-922.000-013 | Improvements Assessment | $1,994,568 CAD |
| Land Assessment | $222,492 CAD | Total Assessment | $2,217,060 CAD |
ZONING
| Zoning Code | Multifamily |
