Catylist ID:
#30866608
38 Unit Multifamily Property with Value Add Opportunity
Multi-Family
for Sale
| Catylist Listing ID: | 30866608 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 38 Units |
| Building Size (RSF): | 18,038 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $2,700,000 |
| Unit Price: | $71,052.63 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/27/2024 |
Overview / Comments
|
This property is located in fast-growing Bowling Green, minutes from Western Kentucky University, and less than 1.5 hours from Nashville. There are 38, 100% occupied, 1BR/1BA units, PLUS an office that could be converted back to an apartment and a laundry room (ready to go, but needs washers and dryers). There are five buildings, built in 1978, centered around an inviting courtyard, as well as ample off street parking. Each unit is heated and cooled with energy efficient PTAC units. All utilities are separately metered, and tenants pay their own, including water. Roof is three years old. Highlights Include: > 38 units, 100% occupied > Opportunity to convert office to an additional apt., and activate laundry unit > Separately metered, including water Access to financials: https://connect.prgproperty.com/deal-room/107?signature=4be34220a94898b2df7cd78b8e0a55fe21a634c9f09604c056938971a336ad99 |
Additional Details
| Nearest MSA: | Bowling Green |
| County: | Warren |
| Tax ID/APN: | 039B14 067 |
| Zoning: | R-4 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,235 | 51,448 | 77,407 |
| Median Age: | 26.76 | 31.6 | 32.77 |
| Households: | 5,136 | 19,926 | 30,042 |
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