Hoptown Heights

606 Park Ave, Hopkinsville, KY 42240

  • For Sale $4,599,000
  • Property Type Multi-Family
  • Property Size 10,888 SF
  • Units 48
  • Lot Size 5.52 Acre
  • Additional Rent Contact for pricing
  • Year Built 1975
  • Year Renovated 2024
  • Date Updated Sep 10, 2024
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.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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Attachments

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

Contacts

broker

Brian Truman

SVN | Accel Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    29/100 Car-Dependent
  • Bike Score ®

    35/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Hopkinsville, KY
  • Neighborhood Hopkinsville
  • Zip Code 42240

Points of Interest

  • Max's

    0.30 miles

  • Citgo

    0.47 miles

  • Dyno Mart Convience Store

    2.22 miles

  • Harper House parking

    1.31 miles

  • Wyndham Garden Hopkinsville

    3.11 miles

  • Rodeway Inn

    3.27 miles

  • TownePlace Suites

    4.07 miles

  • La Quinta Inn & Suites by Wyndham Hopkinsville

    4.12 miles

  • Comfort Suites

    4.15 miles

  • Dodge's Southern Style

    0.46 miles

  • Da Vinci Little Italian Restaurant

    1.15 miles

  • Ferrell's Snappy Services

    1.27 miles

  • Harper House Restaurant

    1.28 miles

  • Christian County Middle School

    0.62 miles

  • Christian County High School

    0.69 miles

  • University Heights Academy

    0.73 miles

  • Hopkinsville Community College

    0.77 miles

  • Canton Heights School

    1.41 miles

  • Indian Hills School

    1.92 miles

  • Moringside School

    2.34 miles

  • Gainsville Highland School

    2.48 miles

  • Millbrooke School

    2.59 miles

  • Hopkinsville High School

    2.69 miles

Frequently Asked Questions

How much does Hoptown Heights cost?

The space currently listed for sale at Hoptown Heights asks for $4,599,000.

What is the total square footage of Hoptown Heights?

Hoptown Heights totals 10,888 square feet.

When was this property built?

Hoptown Heights was built in 1975.

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Contact Listing Broker

broker

Brian Truman

SVN | Accel Commercial Real Estate