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Multifamily

Evergreen Apartments

606 Park Ave, Hopkinsville, KY 42240

Listing Price: $3,790,000

Cap Rate
6.35%
Number of Units
48
Price/Unit
$78,958
Price/Gross SF
$116.89
Gross SF
32,424

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale these properties in Hopkinsville, KY. This offering will allow a potential investor to purchase a rare Value-Add Opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of the Listing Agents AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF EVERGREEN APARTMENTS.

Investment Highlights

  • Rents are currently $94 below market
  • 14 Complete renovations & 14 partial renovations
  • Laundry facility on-site

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Multifamily

Evergreen Apartments

Listing Price: $3,790,000

Cap Rate
6.35%
Number of Units
48
Price/Unit
$78,958
Price/Gross SF
$116.89
Gross SF
32,424

Investment Highlights

  • Rents are currently $94 below market
  • 14 Complete renovations & 14 partial renovations
  • Laundry facility on-site

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale these properties in Hopkinsville, KY. This offering will allow a potential investor to purchase a rare Value-Add Opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of the Listing Agents AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF EVERGREEN APARTMENTS.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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