Listed by BHG Realty
$3,490,000
5421 Scottsville Road
Details
Property Type Multifamily
Sub Type Apartment Building
Units 12
Year Built 2022
Acreage 5.320
Zoning RM4
Multifamily | 12 Units
Marketing description
This offering presents a 5.32-acre multifamily development located at 5421 Scottsville Road in Bowling Green, Kentucky, approved and rezoned for 20 duplex buildings totaling 40 residential units. The project has already progressed with 12 units completed as part of a modern development constructed in 2022. The property also includes a 5,000 square-foot clubhouse that enhances resident appeal and offers additional income potential, along with 12 on-site storage units. With entitled density, recent construction, and existing improvements in place, the property is well-positioned for continued residential development and long-term investment along Scottsville Road.
Investment highlights
- 5.32-acre site approved and rezoned for 20 duplexes (40 total units)
- 12 residential units already constructed
- New construction completed in 2022
- 5,000 SF clubhouse amenity with rental income potential
- 12 on-site storage units
- Property Type: Multifamily Residential Development
- Zoning: RM4
- Lot Size: 5.32 Acres
- Year Built: 2022
- Unit Type: Duplex
- Units in Place: 12
- Total Approved Units: 40
- Additional Ammenities: Clubhouse Space: 5,000 S.F
- Storage Units: 12
- Close Proximity to Retail, Dining, and Services
- Easy Access to Major Commuter Routes
- Approved Multifamily Development: 5.32-acre site approved and rezoned for 20 duplex buildings totaling 40 residential units, providing a clear development path and defined density.
- Existing Improvements in Place: The property includes 12 completed residential units, allowing a buyer to build on existing development momentum rather than starting from raw land.
- New Construction Community: Residential units and amenities were constructed in 2022, featuring modern design and layouts consistent with current market demand.
- Amenity-Driven Design: A 5,000 SF community clubhouse enhances tenant appeal and provides additional income potential, complemented by 12 onsite storage units.
- Flexible Development Opportunity: Supports phased development, allowing remaining units to be constructed over time while leveraging existing improvements and infrastructure.
- Convenient Scottsville Road Location: Positioned along Scottsville Road with convenient access to nearby retail, services, and surrounding residential areas.
Listing Contacts
Listed by BHG Realty
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