Value-Add Multifamily
For Sale
Contact for pricing
Pending
2650 Sunset Ln, Henderson, KY 42420
Henderson, KY apartment portfolio with spacious units and interior renovation upside, with noted rent growth momentum in the market.
Property SizeContact for details
Days on Market124
Property Features for 2650 Sunset Ln
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Road Access
Yes
Listing Agency:
The Kirkland Company
Listed By:
Brian Devlin · License #222755
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 11 at 7:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kirkland Company
Investment Insights
Based on property information with market context.
The Henderson Portfolio is a multifamily apartment offering presented as a value-add opportunity for new ownership. The remarks indicate interior renovations could be used to support rent growth, including new counters, flooring, cabinets, lighting, and fixtures. The portfolio also features large floor plans, with an average floor plan size of 1,077 SF, and over 74% of the units described as 2- or 3-bed layouts.
The properties are described as having a neighborhood setting, with paved streets, sidewalks, and lush landscaping, and garages in many of the properties. The portfolio is positioned to provide tenants quick access to Henderson’s major employers, including Tyson Foods, Gibbs Die casting, River View Coal, Century Aluminum, and Big Rivers Electric. The remarks also note multiple economic development announcements in Henderson.
The listing further cites market rent growth in the Evansville area of 8.0% YTD, expected to remain high, and projected 2022 rent growth of 7.6%. The remarks also state there are no units in the pipeline for the area. The portfolio is presented as diversifying across 30 different properties and includes build-to-rent potential based on stated demand for that community type.
The properties are described as having a neighborhood setting, with paved streets, sidewalks, and lush landscaping, and garages in many of the properties. The portfolio is positioned to provide tenants quick access to Henderson’s major employers, including Tyson Foods, Gibbs Die casting, River View Coal, Century Aluminum, and Big Rivers Electric. The remarks also note multiple economic development announcements in Henderson.
The listing further cites market rent growth in the Evansville area of 8.0% YTD, expected to remain high, and projected 2022 rent growth of 7.6%. The remarks also state there are no units in the pipeline for the area. The portfolio is presented as diversifying across 30 different properties and includes build-to-rent potential based on stated demand for that community type.
Key Highlights
- Average unit size of 1,077 SF, with 74%+ of units featuring 2- or 3‑bedroom floor plans
- Interior renovation upside: new ownership can renovate counters, flooring, cabinets, lighting, and fixtures to increase rents
- Market rent growth tailwinds: 8.0% YTD rent growth in Evansville, with 2022 rent growth expected at 7.6% (CoStar research)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 42420, KY
37,664
Population
17,316
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
191.6 sq mi
ZIP Area
197
Density / Sq Mi
$56,661
Median Household Income
$39,168
Median Earnings
$792
Median Rent
$164,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Henderson, KY apartment portfolio with spacious units and interior renovation upside, with noted rent growth momentum in the market.
Where is this apartment building located?
The property is located at 2650 Sunset Ln Henderson, KY.
What are key features of this property?
This property features: Average unit size of 1,077 SF, with 74%+ of units featuring 2- or 3‑bedroom floor plans; Interior renovation upside: new ownership can renovate counters, flooring, cabinets, lighting, and fixtures to increase rents; Market rent growth tailwinds: 8.0% YTD rent growth in Evansville, with 2022 rent growth expected at 7.6% (CoStar research)
