Hoptown Heights - 3.9% Assumable Debt 7 Years | 606 Park Ave
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Hoptown Heights - 3.9% Assumable Debt 7 Years 606 Park Ave
48 Unit Apartment Building $6,606,234 CAD ($137,630 CAD/Unit) Hopkinsville, KY 42240
Investment Highlights
- 3.9% Assumable Loan - 7 Years Remaining
- 37/48 Units Renovated - Proven Value-Add Strategy
- Over $1 Billion in Local Economic Development
- CapEx of $177k in the Past Year
- Rapidly Expanding Clarksville MSA
Executive Summary
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
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts Under Contract
| Price | $6,606,234 CAD | Building Class | B |
| Price Per Unit | $137,630 CAD | Lot Size | 5.52 AC |
| Sale Type | Investment | Building Size | 32,016 SF |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.25/1,000 SF |
| Apartment Style | Garden |
| Price | $6,606,234 CAD |
| Price Per Unit | $137,630 CAD |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.52 AC |
| Building Size | 32,016 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2024 |
| Parking Ratio | 3.25/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Range
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,113 CAD | 533 |
| 2+1 | 24 | $1,257 CAD | 640 |
| 3+1 | 16 | $1,401 CAD | 800 |
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PROPERTY TAXES
| Parcel Number | 208-00-06-048.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,094,179 CAD |
PROPERTY TAXES
Parcel Number
208-00-06-048.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,094,179 CAD
zoning
| Zoning Code | R-3 (Commercial) |
| R-3 (Commercial) |
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Hoptown Heights - 3.9% Assumable Debt 7 Years | 606 Park Ave
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