48-Unit Apartment
New
For Sale
$4,300,000
606 Park Ave Hop, Hopkinsville, KY 42240
The residences span one-, two-, and three-bedroom layouts, with 36 units already renovated.
Property Size34,400 SF
Days on Market2
Property Features for 606 Park Ave Hop
General Information
Standard status
Active
Size
34,400 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
48
Amenities
on-site laundry
Current ownership has renovated 36 of the 48 units to various standards.
Units are individually metered for electricity, which keeps owner utility expense down.
A water bill-back (RUBS) program is currently in place, and an on-site laundry facility provides added income and tenant convenience.
Current rents are below nearby comparable properties, giving a buyer room to bring rents to market.
Copper water lines, PVC drain lines with cast-iron in the slab, and copper wiring throughout.
Buildings built on slabs.
Building Details
Building Size
34,400 SF
Units
48
Listed By:
Pat Cosgrove · License #License(s): TN: 341774
(615) 997-2853
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 1:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pat Cosgrove
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Investment Insights
Based on property information with market context.
This 48-unit apartment property in Hopkinsville includes a mix of one-, two-, and three-bedroom homes. Renovations have been completed in 36 units, leaving 12 units not yet renovated. Electricity is separately metered for each residence, and the property has an on-site laundry facility along with a water bill-back program.
Fort Campbell is identified as a nearby regional employer, and investments by U.S. Smokeless Tobacco, Kitchen Foods, and Cinis Fertilizer are cited as additions to the local employment base.
Fort Campbell is identified as a nearby regional employer, and investments by U.S. Smokeless Tobacco, Kitchen Foods, and Cinis Fertilizer are cited as additions to the local employment base.
Key Highlights
- 48 apartments with one-, two-, and three‑bedroom layouts
- 36 of 48 units have been renovated; 12 remain unrenovated
- Electricity is individually metered to each unit
Property Analytics
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Lease Details
48
Residential units
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
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Business Placement
Demographics for 42240, KY
41,791
Population
18,663
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
85%
High-School Grad
277.2 sq mi
ZIP Area
151
Density / Sq Mi
$49,872
Median Household Income
$36,321
Median Earnings
$866
Median Rent
$147,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The residences span one-, two-, and three-bedroom layouts, with 36 units already renovated.
Where is this apartment building located?
The property is located at 606 Park Ave Hop Hopkinsville, KY.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 48 apartments with one-, two-, and three‑bedroom layouts; 36 of 48 units have been renovated; 12 remain unrenovated; Electricity is individually metered to each unit
