Current Use by Public Records
- Land
Property Details for 302 Hillview Ml
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional new construction eight-plex apartment building in Bowling Green, Kentucky, presents a compelling investment opportunity. Located at 302 Hillview Mills, 42101, this property boasts eight two-bedroom, two-bathroom units, each featuring stainless steel appliances, granite countertops, and a master bedroom walk-in closet. The building is designed with a brick exterior, offering both durability and aesthetic appeal. Upon closing, the building will be 50% leased at a rate of $1200 per unit, providing immediate cash flow. The convenient location just off a major road and close to Interstate 165 offers easy access to restaurants, shopping, and hospitals. Furthermore, the property benefits from a homeowner's association (HOA) with an annual fee of $400, providing added protection and community support. A property management company is already in place to handle leasing and management responsibilities, minimizing operational burdens for the owner. The asking price for this turnkey investment is $1,370,000. This property represents a rare opportunity to acquire a high-quality, nearly fully leased multifamily asset in a thriving Kentucky market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bowling Green
- County
- Warren
- State
- Kentucky
- Longitude
- -86.5401
- Latitude
- 37.1184
