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1625 Parkside Dr Bowling Green, KY 42101

52-unit apartment complex, value-add opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 52-unit apartment building portfolio located in Bowling Green, Kentucky. The portfolio comprises two properties situated at 1625 Parkside Drive and 325 Cherry Way, both within the desirable 42101 zip code in Warren County. Built between 1970 and 1977, this portfolio offers significant value-add potential through interior renovations, projected to increase rental income by over $125 per unit. The properties benefit from their strategic location near major employers such as General Motors, Envision AESC, and Tyson Foods, ensuring consistent tenant demand and strong occupancy rates. Operational efficiencies, including the implementation of professional management and the maximization of ancillary income streams, will further enhance net operating income (NOI) and market visibility. Favorable demographic trends and the anticipated growth of retail and industrial development in the area contribute to the portfolio's long-term growth prospects. This presents a compelling investment opportunity for those seeking a value-add portfolio with substantial return potential in a rapidly expanding submarket. The portfolio's location within Bowling Green's thriving job market ensures a stable and growing tenant base, making it an attractive investment for both short-term and long-term growth. This is a rare chance to acquire a well-positioned multifamily asset with significant upside potential.

Highlights

  • 52-unit multifamily apartment building portfolio in Bowling Green, KY.
  • Significant value-add opportunity through interior upgrades, increasing rental income by over $125 per unit.
  • Potential for operational efficiency improvements and ancillary income increases to boost net operating income (NOI).
  • Excellent location near major employers like General Motors, Envision AESC, and Tyson Foods, ensuring high occupancy.
  • Strong submarket demographics and future development prospects promise continued growth and investment appeal.

Property Details for 1625 Parkside Dr

Property type
Apartment buildings
Year Built
1970
Units
52

Location Insight

City
Bowling Green
County
Warren
State
Kentucky
Latitude
36.987757
Longitude
-86.4723654

FAQs

What type of property is this?
Apartment building - 52-unit apartment complex, value-add opportunity
Where is the apartment building located?
The property is located at 1625 Parkside Dr Bowling Green, KY.
What are key features of this property?
This property features: 52-unit multifamily apartment building portfolio in Bowling Green, KY.; Significant value-add opportunity through interior upgrades, increasing rental income by over $125 per unit.; Potential for operational efficiency improvements and ancillary income increases to boost net operating income (NOI).
How can I contact the broker?
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1625 Parkside Dr
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