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Woodlawn Place Apartments 1001 W Parrish Ave 40 Unit Apartment Building $3,594,500 CAD ($89,863 CAD/Unit) 9.17% Cap Rate Owensboro, KY 42301
EXECUTIVE SUMMARY
Turnkey 40-Unit Apartment Complex- Strong Cash Flow & Solid Investment Opportunity. Whether you're looking to expand your portfolio or make a smart, income producing investment, this complex checks all the boxes. Introducing a fully occupied 40-unit apartment complex featuring 1 bed / 1 bath units, all under strong leases with a stable rent roll. This property offers immediate cash flow and long-term investment security in a high demand rental market. 100% occupancy with a track record of consistent income, Potential upside in rents. Well maintained property with dedicated parking and professionally managed operations. New roof being added soon! Please call Jason Gasser 270-302-2457 for information and to set up a showing.
PROPERTY FACTS
| Price | $3,594,500 CAD | Building Class | B |
| Price Per Unit | $89,863 CAD | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 23,353 SF |
| Cap Rate | 9.17% | Average Occupancy | 100% |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.63/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R - Residential Multi-family | ||
| Price | $3,594,500 CAD |
| Price Per Unit | $89,863 CAD |
| Sale Type | Investment |
| Cap Rate | 9.17% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.60 AC |
| Building Size | 23,353 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2025 |
| Parking Ratio | 2.63/1,000 SF |
| Zoning | R - Residential Multi-family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Tile Floors
- Eat-in Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | - | 400 |
PROPERTY TAXES
| Parcel Number | 005-03-15-001-00-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,369,024 CAD |
PROPERTY TAXES
Parcel Number
005-03-15-001-00-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,369,024 CAD
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Woodlawn Place Apartments | 1001 W Parrish Ave
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