222 Shenandoah Pl, Henderson, KY 42420

This portfolio includes properties at 221 Shenandoah Place (2 units), 222 Shenandoah Place (2 units), 231 Shenandoah Place (2 units), and 232 Shenandoah Place (2 units). The properties offer a value-add opportunity for new ownership to increase rents through interior renovations, including new countertops, flooring, cabinets, lighting, and fixtures. Currently self-managed, there is a management upside through the implementation of a professional management team to improve operations. The floor plans average 950 square feet, and all units feature two bedrooms. The location provides tenants with convenient access to major Henderson employers such as Tyson Foods, Gibbs Die Casting, River View Coal, Century Aluminum, and Big Rivers Electric. Recent economic developments in Henderson include investments from Alliance Coal, Elkamet, Pratt Paper, Hydro Aluminum, Accuride Corp., SITEX Corp., Columbia Brands, and Precision Power, along with the construction of a high-pressure natural gas line to support manufacturing growth and I-69 construction improving access within Henderson and connections to surrounding cities. The portfolio is also located within 20 minutes of Evansville’s premier shopping centers, including the 215-acre Promenade Development, Eastland Mall, East Lloyd Commons, and Evansville Pavilion. The Evansville area is home to major employers such as Deaconess Hospital, Berry Global, St. Vincent Evansville, Koch Enterprises, TJ Maxx, University of Southern Indiana, OneMain Financial, SKANSKA, and Vectren Corporation. Additionally, the location provides tenants with quick access to demand drivers in Owensboro, including Towne Square Mall & Surrounding Retail, Gateway Commons, Owensboro Health Regional Hospital, and major employers like US Bank Home Mortgage, Specialty Food Group, Toyotetsu Mid-America, Titan Contracting, and UniFirst, as well as Kentucky Wesleyan College and the growing Owensboro Regional Airport.