440-474-2269
3-69 Deer Haven Ct, Florence, KY for Sale
Apartments - FOR SALE
1/42
null | Request Cap Rate

3-69 Deer Haven Ct
Florence, KY 41042


HIGHLIGHTS

  • 81-unit Build-to-Rent townhome community constructed in 2005
  • 100% occupancy with one unit left vacant for showings (pre-leased)
  • Since a management change was implemented in November of 2024, NOI has increased by over $135k.

OVERVIEW

Strong rent growth potential through minor value-add -Addition of backsplashes and stainless-steel appliances in renovated units, less than 10 classic units left -Tightening of rental rates between floor plans -Currently there is a $300 disparity Large three-bedroom layouts ranging from 1,400–1,550 square feet, each with private entrances, driveways, garages, in-unit laundry, and patios Located in Boone County, one of the Cincinnati MSA’s strongest suburban markets with top-rated schools and direct access to I-71/75 and CVG International Airport

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

82

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Richwood North Estates

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

320

LAND DETAILS

LAND ACRES

8.71 AC

LAND SF

379,408 SF

ZONING

SR-2

APN/PARCEL ID

074.00-15-036.00

ASK ABOUT THIS PROPERTY

Jordan DickmanMarcus & MillichapMore Info
440-474-2269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jordan DickmanMarcus & MillichapMore Info
440-474-2269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.