Hoptown Heights
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
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.
Hopkinsville, KY is strategically located in southwest Kentucky near the Tennessee border. This prime location offers convenient access to major transportation routes and is part of a thriving metropolitan statistical area (MSA) that extends to Clarksville, TN, a rapidly growing city with a robust economy. This advantageous position provides businesses with ample opportunities for growth and connectivity in a dynamic and expanding region. Hopkinsville's proximity to both local and regional markets makes it an ideal spot for commercial ventures seeking to capitalize on the area's economic vitality and development potential.
