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Markim Apartments is a 50-unit multifamily community located in Crittenden, Kentucky, comprised of nine residential buildings originally constructed circa 2000. The property features a desirable unit mix of 41 two-bedroom units and 9 three-bedroom units, catering to a broad tenant base of individuals and families.

Each unit offers attractive in-unit amenities, including central HVAC, individual water heaters, dishwashers, and washer/dryer connections. In addition, tenants are responsible for their own water and electric utility expenses, minimizing owner utility exposure and supporting stronger operating margins.

Over the past two years, current ownership has completed an extensive capital improvement program totaling more than $1 million. Renovations have been completed across all 50 units and include updated flooring, trim, bathrooms, vanities, and kitchen improvements. In addition, 40 of the property’s 50 HVAC systems have been replaced, significantly reducing future capital expenditure needs for new ownership.

Positioned just 15 minutes south of Florence, Kentucky, the property benefits from its proximity to one of Northern Kentucky’s strongest employment and retail corridors, while offering residents an affordable housing option within commuting distance of the greater Cincinnati/Northern Kentucky market. As rental demand across Northern Kentucky continues to strengthen and market rents trend upward, Markim Apartments is well-positioned for continued rent growth.

Recent vacancy at the property has been driven primarily by ownership’s strategy of turning units and completing renovations, creating an immediate opportunity for a new investor to stabilize occupancy and capitalize on the completed improvements. With the majority of the heavy lifting already completed, new ownership can continue to unlock value through strategic rent increases, improved occupancy, operational efficiencies, and professional property management, driving increased cash flow and long-term asset appreciation.