Apartment Community with Seven
For Sale
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1956 Stonehenge Avenue, Bowling Green, KY 42101
50-unit apartment community with townhome-style two-bed units and separate-meter utilities for streamlined operations.
Property SizeContact for details
Days on Market62
Property Features for 1956 Stonehenge Avenue
General Information
Standard status
Active
Class
C
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Additional Details
Multifamily Units
50
Building Details
Year Built
2000
Buildings
7
Units
50
Listing Agency:
Crye-Leike Executive Realty
(270) 781-3377
Listed By:
Zack Puckett · License #251796
Source:
Crexi
Added: Jun 12
Changed: Aug 7
Last Checked: Aug 11 at 1:49PM
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 Crye-Leike Executive Realty
Investment Insights
Based on property information with market context.
Cedar Grove Apartments is a 50-unit multifamily community comprised of seven buildings, offering a mix of two-bedroom townhome-style units, traditional two-bedroom apartments, and one-bedroom residences. The property was built in 2000 and is designed to support tenant variety across multiple unit types within the same apartment community.
The community is located at 1956-1960 Stonehenge Avenue in Bowling Green, Kentucky, and sits adjacent to Walmart and Veterans Memorial Highway. This positioning provides convenient access to major retail and transportation corridors while keeping the property close to employment drivers and everyday services in the area.
For investors and owner-operators, Cedar Grove Apartments is currently generating approximately $468,000 in annual gross income. The property also features a separate-meter utility structure, which can help simplify billing and operational management across the units. With its multi-building layout and established unit mix, the community may appeal to buyers looking for a sizeable rental asset in a well-established rental market.
The community is located at 1956-1960 Stonehenge Avenue in Bowling Green, Kentucky, and sits adjacent to Walmart and Veterans Memorial Highway. This positioning provides convenient access to major retail and transportation corridors while keeping the property close to employment drivers and everyday services in the area.
For investors and owner-operators, Cedar Grove Apartments is currently generating approximately $468,000 in annual gross income. The property also features a separate-meter utility structure, which can help simplify billing and operational management across the units. With its multi-building layout and established unit mix, the community may appeal to buyers looking for a sizeable rental asset in a well-established rental market.
Key Highlights
- 50‑unit apartment community in Bowling Green, KY built in 2000
- Seven‑building complex with a mix of two‑bedroom townhome‑style units, traditional two‑bedroom apartments, and one‑bedroom residences
- Located at 1956‑1960 Stonehenge Avenue, adjacent to Walmart and Veterans Memorial Highway
Property Analytics
Property Profile
Current Use
Lease Details
50
Residential units
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 42101, KY
64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 50-unit apartment community with townhome-style two-bed units and separate-meter utilities for streamlined operations.
Where is this apartment building located?
The property is located at 1956 Stonehenge Avenue Bowling Green, KY.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: 50‑unit apartment community in Bowling Green, KY built in 2000; Seven‑building complex with a mix of two‑bedroom townhome‑style units, traditional two‑bedroom apartments, and one‑bedroom residences; Located at 1956‑1960 Stonehenge Avenue, adjacent to Walmart and Veterans Memorial Highway
