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River Oaks Apartments 400 N Kelsey St 56 Unit Apartment Building For Sale Sturgis, KY 42459
EXECUTIVE SUMMARY
Attractive In-Place Yield with Immediate Cash Flow
Significant Capital Investment Completed by Ownership
Fully Executed Value-Add with Proven Rents
Best In-Class Asset in a Supply-Constrained Market
1970s Vintage with Manageable, Budgetable Capex Profile
Defensive Workforce Housing Asset
Compelling Long-Term Hold with Clear Exit Profile
Significant Capital Investment Completed by Ownership
Fully Executed Value-Add with Proven Rents
Best In-Class Asset in a Supply-Constrained Market
1970s Vintage with Manageable, Budgetable Capex Profile
Defensive Workforce Housing Asset
Compelling Long-Term Hold with Clear Exit Profile
DATA ROOM Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 3.73 AC |
| No. Units | 56 | Building Size | 47,852 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1974 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.73 AC |
| Building Size | 47,852 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1974 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
- Playground
- Property Manager on Site
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 650 |
| 2+1 | 32 | - | 800 |
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PROPERTY TAXES
| Parcel Number | 39-54 | Improvements Assessment | $2,270,660 CAD |
| Land Assessment | $96,040 CAD | Total Assessment | $2,366,700 CAD |
PROPERTY TAXES
Parcel Number
39-54
Land Assessment
$96,040 CAD
Improvements Assessment
$2,270,660 CAD
Total Assessment
$2,366,700 CAD
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River Oaks Apartments | 400 N Kelsey St
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