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Property profile & analytics
OFF-MARKET
Land

302 Hillview Ml Bowling Green, KY 42101

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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