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    1225 Lee Dr Bowling Green, KY 42101

    Sponsored
    For Sale
    Contact for pricing

    72-Unit Apartment Complex, 8% Cap Rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Lee Pointe Apartments presents a compelling value-add opportunity in Bowling Green, Kentucky. This multifamily property consists of 72 units spread across 11 two-story buildings, boasting a current occupancy rate of 95%. The property generates a substantial net operating income (NOI) of $658,078, yielding an attractive 8.00% capitalization rate. Located at 1225 N Lee Dr, Bowling Green, KY 42101, in Warren County, this Class C property offers significant potential for increased profitability through strategic renovations and operational improvements. The existing units provide comfortable living spaces, and the property benefits from its location within a vibrant community, offering convenient access to local amenities. The property's strong occupancy rate underscores its appeal to residents seeking affordable and convenient housing in Bowling Green. This is an exceptional opportunity for investors seeking a stable, income-producing asset with significant upside potential in a growing market. The property's current NOI and cap rate provide a solid foundation for future growth, making it an attractive investment for experienced multifamily investors. The 72 units offer a substantial scale for potential improvements and increased revenue generation. This is a rare opportunity to acquire a well-located, income-producing apartment complex with significant potential for value enhancement.

    Property Features for 1225 Lee Dr

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Buildings
    11
    Stories
    2
    Units
    72

    HighLights

    • Multifamily value‑add investment opportunity in Bowling Green, KY.
    • 8.00% cap rate.
    • $658,078 Net Operating Income (NOI).
    • 72 units in 11 two‑story buildings.
    • 95% occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vanny sj Musician STAR BOY OG Artist Dover OTN Warehouse

    Suggested Use

    Law Firm Restaurant Hair Salon Clothing Store Building Supply Gym & Fitness Pharmacy Auto Repair Shop Accounting Firm Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.465402020858
    Latitude
    36.999288051812

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    FAQs

    What type of property is this?
    Multifamily property - 72-Unit Apartment Complex, 8% Cap Rate
    Where is this multifamily property located?
    The property is located at 1225 Lee Dr Bowling Green, KY.
    What are key features of this property?
    This property features: Multifamily value-add investment opportunity in Bowling Green, KY.; 8.00% cap rate.; $658,078 Net Operating Income (NOI).
    Request Owner's contact information
    1225 Lee Dr Bowling Green, KY 42101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1225 Lee Dr Bowling Green, KY 42101
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