Flats at Green Tree
1630 Greentree Boulevard, Clarksville, IN, 47129 ,
Clarksville, IN 47129
Fully Renovated Flats
$2,770,000
Price
7.90
GRM
$86,563
Price Per Unit
32
Number of Units
7.13%
Cap Rate
25,900
Building SF
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$2,770,000
Price
7.90
GRM
$86,563
Price Per Unit
32
Number of Units
7.13%
Cap Rate
25,900
Building SF
INVESTMENT HIGHLIGHTS
Recently Renovated: Freshly renovated interior units as well as major exterior and mechanical upgrades.
High Rent Growth Market: The Louisville MSA saw the highest rent growth in the nation in 2024, over 5%. The city also saw 3.7% rent growth in 2023.
Desirable Unit Mix: Flats at Greentree offers 97% 1 bedrooms. A survey of competing properties showed higher occupancies for 1-bedroom units than 2- and three-bedroom units in the surrounding area.
The property is located in Clarksville, Indiana, a vibrant city known for its rich history and close-knit community. Clarksville offers a variety of amenities, such as restaurants, shopping centers, and recreational facilities.
The nearby Green Tree Mall is a popular shopping destination, featuring a wide range of retail stores, dining options, and entertainment venues.
Residents and visitors can enjoy outdoor activities at Lapping Park, a picturesque park that offers hiking trails, playgrounds, and picnic areas along the Ohio River.
Clarksville is home to multiple educational institutions, including the Indiana University Southeast campus, providing opportunities for academic and cultural enrichment.
The property's proximity to major highways and transportation hubs offers convenient access to neighboring cities like Louisville, Kentucky, making it a strategic location for businesses seeking regional connectivity.
The property is located in Clarksville, Indiana, a bustling city with a growing economy and a strong sense of community.
Clarksville is home to popular shopping destinations such as Green Tree Mall, which attracts a high volume of foot traffic and potential customers for businesses in the area.
The city offers a variety of dining options ranging from local eateries like Blackstone Grille to well-known chains like Texas Roadhouse, providing diverse culinary experiences for residents and visitors alike.
Clarksville boasts a range of recreational opportunities, including nearby parks like Lapping Park and the Falls of the Ohio State Park, offering residents a chance to enjoy outdoor activities and natural beauty.
The property's proximity to major highways such as I-65 provides convenient access for customers, employees, and suppliers, enhancing its appeal as a commercial location.
FOR MORE DETAILS CONTACT
Zachary Ossip
Senior Broker
(786) 385-7827
zach.ossip@xmarkmidwest.com
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