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$ 4,800,000
Est. payment | /mo
3 Beds
2.08 Acres Lot
$ 4,800,000
Est. payment | /mo
3 Beds
2.08 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID RA20264934
Bedrooms 3
Year Built 2009
Lot Size 2.080 Acres
Property Sub-Type Multi-Family
Property Description
Excellent investment opportunity featuring a well-maintained 40-unit apartment complex, built in 2009, with a desirable unit mix of 32 one bedroom units and 8 two bedroom units. The property offers an attractive combination of current income, a newer construction profile, and significant potential for future growth. Conveniently located just a 2-minute drive from Russell Sims Aquatic Center and Preston Miller Park, providing residents with easy access to recreation, entertainment, and outdoor amenities. The property's location and unit mix make it well-positioned to attract and retain tenants. Value add potential exists through continued rental growth and operational improvements, offering an opportunity to increase revenue and cash flow over time.
Location
State KY
County Warren
Area Bg West
Interior
Interior Features Walk-in Closet(s)
Laundry In Apartment
Exterior
Exterior Feature Brick
Utilities Available Separate Metered
Roof Type Shingles
Building
Foundation Slab
Sewer City
Water County
Schools
Elementary Schools Jennings Creek
Middle Schools Henry F Moss
High Schools Warren Central
Others
Tax ID 040A-29-123
Miscellaneous Pet Restrictions
Listed by Crye-Leike Executive Realty
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