1956-1960 Stonehenge Avenue
Property Description
50-Unit Value-Add Multifamily Opportunity | Bowling Green, KY Excellent opportunity to acquire a 50-unit multifamily community in one of Kentucky's fastest-growing markets. Built in 2000 and located adjacent to Walmart on Veterans Memorial Highway, the property benefits from strong visibility, convenient access to major employers, and growing rental demand. The unit mix includes 26 townhome-style 2-bedroom/1.5-bath units, 12 two-bedroom/one-bath units, and 12 one-bedroom/one-bath units. Currently generating approximately $503,460 in annual gross revenue, the property offers significant value-add potential through rent increases and operational improvements. Bowling Green's strong population growth, expanding industrial sector, and continued job creation make this an attractive investment opportunity with both stable cash flow and upside potential. DO NOT DISTURB TENANTS. Showings available with acceptable purchase contract.
Broker Details
Crye-Leike Executive Realty (270) 781-3377
MLS ID: 27563 State License Number: 251796
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,595,000 |
| No. of Units: | 50 |
| Year Built: | 2000 |
| Opportunity Zone: | No |
| Price per unit: | $91,900 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-RASKKY-RA20263440
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