1956-1960 Stonehenge Avenue
50-Unit Multifamily Investment Opportunity in Bowling Green, KY | Strong Cash Flow, Value-Add Potent
Marketing description
Positioned in one of Kentucky's most dynamic and rapidly growing rental markets, Cedar Grove Apartments presents a rare opportunity to acquire a 50-unit multifamily investment property in Bowling Green, KY. Located at 1956-1960 Stonehenge Avenue, this income-producing apartment community consists of seven buildings featuring a desirable mix of two-bedroom townhome-style units, traditional two-bedroom apartments, and one-bedroom residences.
Built in 2000 and strategically located adjacent to Walmart and Veterans Memorial Highway, the property benefits from strong visibility, convenient access to major employers, educational institutions, healthcare facilities, and retail centers. Bowling Green continues to experience substantial economic growth fueled by manufacturing, automotive, logistics, healthcare, and university-driven employment sectors, creating sustained demand for quality rental housing.
Currently generating approximately $468,000 in annual gross income, Cedar Grove offers investors immediate cash flow with significant upside potential through rent growth, unit modernization, and operational improvements. The property's separate-meter utility structure and proven occupancy history provide a strong foundation for long-term performance.
Opportunities to acquire apartment communities of this scale in Bowling Green are increasingly limited. Whether expanding an existing multifamily portfolio or entering one of the Southeast's most attractive secondary markets, Cedar Grove Apartments offers a compelling combination of stable income, value-add potential, and long-term appreciation prospects.
Investment Property | Multifamily Apartments for Sale | Bowling Green KY Apartment Complex | Kentucky Multifamily Investment | Income Producing Real Estate | Value-Add Apartment Community | Commercial Real Estate Opportunity
Investment highlights
- 50-unit multifamily community located in the heart of Bowling Green, Kentucky
- 7-building apartment portfolio situated on approximately 3.32 acres
- Current Gross Annual Income: Approximately $468,000
- Diverse unit mix including:
- 26 two-bedroom, 1.5-bath townhome-style units
- 12 two-bedroom, 1-bath units
- 12 one-bedroom, 1-bath units
- Built in 2000 with individually metered utilities
- Adjacent to Walmart and minutes from major employers, shopping, dining, and schools
- Strong rental demand driven by Bowling Green's expanding industrial, manufacturing, healthcare, and educational sectors
- Opportunity to increase rents through strategic renovations and operational efficiencies
- Located within one of Kentucky's fastest-growing metropolitan areas
- Excellent visibility and accessibility near Veterans Memorial Highway
- Ideal for investors seeking a combination of stable income, appreciation potential, and long-term portfolio growth
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