Property details

Kentucky Multifamily Property For Sale, Southeast Region

Property Description

Kentucky Multifamily Property For Sale

Brand New!

71 Units.

100% Occupied!

All Units Are 3 bedroom, 2.5 bath.

All Units are 1,200 square feet.

This is is a solid B-Class property in a solid B-Class Location.

All Utilities are separately metered - all utilities are billed directly to the tenants.

Bonus: This project has been built as a condominium complex. After 10 years, the investor can sell out as individual condos as a possible exit strategy.

Currently occupied by mostly families who love the 3 bedrooms.

The highest draw comes from the many Corporate employers in the area including a GM plant, Fruit of the Loom, and many more There is also a University close by.






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Highlights

Status:
Available
Price:
$6,500,000
Cap Rate:
8.40%
 

Property Information

Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
71
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.