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Ole Blue 4971 Veterans Memorial Hwy 12 Unit Apartment Building $2,311,413 CAD ($192,618 CAD/Unit) 6.43% Cap Rate Brownsville, KY 42210
Investment Highlights
- Just outside of Bowling Green/Warren County
- Easy rentals to fill
- No competition in the immediate area
- Modern finishings with hardwood floors
Executive Summary
PRICE IMPROVEMENT!! BRING OFFERS on these 12 units for sale in Brownsville, KY (4977 and 4971). These units consist of one 8plex (2023) and one 4plex(2019). All units are currently leased and are income producing. The 8plex is 2 bedroom/2 bathrooms and the 4plex is 2 bedrooms/1bathroom. Two of the units are currently used as short term rentals and perform very well! Those units can be sold furnished and the short term rentals can be kept, or terminated. Each unit has LVT flooring throughout, shaker cabinets, granite surfaces in all wet areas and washer/dryer connections. All utilities are paid by the tenants, except for trash. All units must be sold together. Please do not disturb tenants. All offers can be contingent upon viewing the property and viewing will occur after an offer is accepted. Bring offers! Call Andy to discuss.
Property Facts
| Price | $2,311,413 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $192,618 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.46 AC |
| Cap Rate | 6.43% | Building Size | 16,800 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment |
| Price | $2,311,413 CAD |
| Price Per Unit | $192,618 CAD |
| Sale Type | Investment |
| Cap Rate | 6.43% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.46 AC |
| Building Size | 16,800 SF |
| No. Stories | 2 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 875 |
| 2+2 | 8 | - | 956 |
1 1
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 22734 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $109,577 CAD |
Property Taxes
Parcel Number
22734
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$109,577 CAD
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Ole Blue | 4971 Veterans Memorial Hwy
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