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    FOR SALE
    Apartment buildings

    1632 Greentree Blvd, Clarksville, IN 47129

    Built 1969
    Property ID
    US31-1313253
    Property summary
    AI-generated overview

    Hoagland Commercial Realtors is pleased to present for sale the Flats at Greentree Apartment Homes in Clarksville, Indiana. Located in a desirable and growing submarket, this asset presents investors with the opportunity to purchase a stabilized multifamily property that has recently undergone drastic overhaul both operationally and with regard to the physical property itself. The Flats at Greentree features thirty-one 1-br units and one 2-br unit. The facility has on-site coin laundry, with all-new machines as of August 2023. Current ownership has turned all of the units and tenants within the past eighteen months. Three out of four hot water heaters replaced in 2024, with the remaining one having been replaced in 2022. Over the past couple of years, the exterior of the property itself has received many CapEx updates, including but not limited to: • New windows and exterior doors on all buildings • New parking lot paving and striping • New paint on entirety of exterior • New roofs in 2020 Reach out to agents today for more information.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1969
    UPID US31-1313253
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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