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
$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