Contacts
Brian Truman
SVN | Accel Commercial Real Estate
Property Details
- 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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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
Attachments
Getting around
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29/100
Walk Score ®
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35/100
Bike Score ®
Powered by Walk Score ®
Location
- City Hopkinsville, KY
- Neighborhood Hopkinsville
- Zip Code 42240
Points of Interest
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Max's
0.30 miles
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Citgo
0.47 miles
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Dyno Mart Convience Store
2.22 miles
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Harper House parking
1.31 miles
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Wyndham Garden Hopkinsville
3.11 miles
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Rodeway Inn
3.27 miles
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TownePlace Suites
4.07 miles
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La Quinta Inn & Suites by Wyndham Hopkinsville
4.12 miles
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Comfort Suites
4.15 miles
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Dollar General Market
0.42 miles
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Walmart Neighborhood Market
1.62 miles
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Walmart Supercenter
3.90 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Brian Truman
SVN | Accel Commercial Real Estate