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29778158
29778157

314 Audley Ave, Bowling Green, KY 42101

Neal Turner Realty
Neal Turner Realty
Listed by Neal Turner Realty
$4,880,000
107 days on market
Updated 14 days ago

Audley Avenue 40 Unit Apartment Complex

Details
APN 040A-29-123
Property Type Multifamily
Sub Type Apartment Building
Square Footage 39,131
Units 40
Cap Rate 6.87%
NOI $335,020
Occupancy 100%
Pro-Forma Cap Rate 7.62%
Pro-Forma NOI $372,000
Price per SqFt $134
Broker Co-Op Yes
Class B
Year Built 2009
Buildings 5
Stories 2
Lot Size (SqFt) 90,809
Zoning RM4 - BE
Parking Spaces 2 per unit
Investment Type Stabilized
Ground Lease No

Multifamily | 40 Units | $122,000/unit

Marketing description

Property description

Introducing audley apartments, a prime investment Opportunity in bowling green, Ky. this impressive 36,320 sf Property offers 40 well-appointed units, constructed in 2009 And strategically zoned rm-4/be. The property's exceptional Location further enhances its appeal to investors seeking a Strong and sustainable asset in the multifamily sector. With a Solid track record of 100% occupancy, audley apartments Presents an attractive and reliable income stream, Underscoring its potential to deliver consistent returns and Long-term financial stability. This meticulously maintained Property represents a compelling investment for those looking To capitalize on the robust demand for multifamily residences In the thriving bowling green market.

Location description

Discover the vibrant community surrounding audley Apartments in bowling green, Ky. this charming city offers a Perfect blend of urban amenities and southern charm, Attracting residents and investors alike. With proximity to Western kentucky university, the national corvette museum, And the city center, residents will enjoy a variety of cultural, Educational, and recreational opportunities. The area's thriving Dining scene, local boutiques, and beautiful parks add to the Appeal. additionally, the region's stable economy and growing Job market make it an attractive destination for multifamily and Low-rise/garden investors seeking long-term growth potential in A dynamic and welcoming community.

Investment highlights

  • 36,320 SF building

  • 40 units

  • 8 - 2 Bedroom, 1 Bath

  • 32 - 1 Bedroom, 1 Bath

  • Built in 2009

  • $122K/Door

  • Zoned RM-4/BE

  • Located in Bowling Green area

  • 100% occupancy

  • Lot Size: 90,809 SF

  • Building Size: 36,320 SF

Listing Contacts

Neal Turner Realty
Neal Turner Realty
Listed by Neal Turner Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$335,020.07
$27,918.34/mo

Valuation Metrics

0
DSCR
6.87%
Cap Rate
6.87%
ROI

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