Apartment Community with Seven
1956 Stonehenge Avenue, Bowling Green, KY 42101
For Sale
Contact for pricing
50-unit apartment community with townhome-style two-bed units and separate-meter utilities for streamlined operations.
Property SizeContact for details
Days on Market156
Property Features for 1956 Stonehenge Avenue
General Information
Standard status
Class
Property subtype
Occupancy
Investment Type
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Units
Listing Agency:
Crye-Leike Executive Realty
Listed By:
Zack Puckett · License KY #251796
(270) 779-2372
Source:
Crexi
Added: Jun 12
Changed: Nov 6
Last Checked: Nov 12 at 8:29AM
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
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Investment Insights
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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
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Lease Details
50
Residential units
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
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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
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Market
Properties on Market for Apartment buildings in Bowling Green
Vacancy Rate% for Multifamily in South region
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 $4,600,000.
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
