Highly Occupied | Strong Cash Flow | $100+ Rent Upside | Additional 12 Unit Complex Available for Purchase Only 15 Minutes Away | Extra Land to Build On
Parkway Terrace is a highly occupied 12-unit multifamily asset offering immediate cash flow and clear value-add upside in the supply-constrained Hardin County submarket. The property features all 2BR/1BA units averaging 922 SF across two buildings with ample parking. In-place rents average $866/unit, providing $100/unit upside to market through interior upgrades. Strong T12 performance reflects a 52% NOI margin, delivering durable income from day one with organic growth potential over the hold period. This asset has additional land to either add amenities or build more units. *There is also an opportunity to purchase another 12 unit complex 15 minutes from this asset. Can be sold together or individually.