600-638 Francis Ave - Apartments FOR SALE


Clarksville, IN 47129
$1,850,000 USD
859-699-2096
600-638 Francis Ave, Clarksville, IN for Sale
$1,850,000 USD
Apartments - FOR SALE
1/7
null | 6.97% Cap Rate

600-638 Francis Ave
Clarksville, IN 47129


HIGHLIGHTS

  • Unit Sell-Out Option
  • Turn-Key Opportunity
  • Duplex Subdivision

OVERVIEW

VWREA is pleased to offer Providence Row Apartments in cooperation with Bass Group Real Estate, an offering of 20-units in Clarksville, IN. The unit mix consists of (20) 2-bedroom apartment units over the span of (10) duplex buildings. Southern Indiana Economic Development The Southern Indiana–Louisville MSA has experienced a surge of economic activity in recent years, fueled by major industrial expansions, infrastructure investment, and continued population growth on the Indiana side of the river. This momentum has strengthened regional employers, attracted new businesses, and supported demand for quality rental housing. the market’s long-term upward trajectory. ? Key City Initiatives • CanadianSolar, building a solar cell plant to create 1,200 jobs • Jeffboat redevelopment, a $1bn plan to redevelop 100-acre riverfront • $33mm natatorium in planning by the city River Ridge Overview Located 15 minutes from River Ridge, a 6,000-acre master-planned industrial and logistics park just across the river from Louisville. It supports more than 19,000 jobs and has generated over $3 billion in regional economic impact through private investment, wages, and tax revenue. Major employers like Pharma Cord, which invested more than $50 million to create around 850 jobs, highlight River Ridge’s growing role as a hub for advanced manufacturing, life sciences, and logistics.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

20

PRICE/UNIT

$92,500

CAP RATE

6.97%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Providence Row

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

-

APN/PARCEL ID

10-14-00-102-167.000-012,10-14-00-102-168.000-012,10-14-00-102-169.000-012,10-14-00-102-170.000-012,10-14-00-102-171.000-012,10-14-00-102-172.000-012,10-14-00-102-173.000-012,10-14-00-102-174.000-012,10-14-00-102-175.000-012,10-14-00-102-195.000-012

ASK ABOUT THIS PROPERTY

Tim VanWingerdenVanWingerden Real Estate AdvisorsMore Info
859-699-2096

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Tim VanWingerdenVanWingerden Real Estate AdvisorsMore Info
859-699-2096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.