502 Nandino Cir - Apartments FOR SALE


Berea, KY 40403
$3,552,000 USD
270-782-1811
502 Nandino Cir, Berea, KY for Sale
$3,552,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

502 Nandino Cir
Berea, KY 40403


HIGHLIGHTS

  • Thirty-two units across eight residential buildings.
  • All units feature two-bedroom, two-bathroom floor plans.
  • Consistent unit mix supports efficient property management.
  • Low vacancy rate reflects sustained tenant demand.
  • Scenic pond provides an attractive on-site amenity.
  • Established rental income with current asking rents of $975 per month.

OVERVIEW

This multifamily investment opportunity consists of 32 residential units across eight separate buildings, with four units per building. Each unit features a two-bedroom, two-bathroom floor plan and approximately 1,100 square feet of living space, providing a consistent and efficient unit mix that appeals to a broad tenant base. The property benefits from a low vacancy rate and current asking rents of $975 per month per unit, supporting stable occupancy and recurring income. A scenic pond enhances the property's setting and contributes to resident appeal, creating an attractive community environment. The multi-building layout offers operational flexibility while reducing concentration risk within a single structure. With a proven rental history, established occupancy, and a desirable unit configuration, the asset presents an opportunity for investors seeking cash flow from a stabilized multifamily property. The combination of 32 units, strong tenant demand, low vacancy, and a consistent two-bedroom, two-bathroom product positions the property as a compelling investment opportunity. Investors may also identify opportunities to further enhance revenue through future operational efficiencies and long-term asset management strategies while benefiting from the property's existing income stream.

FOR SALE DETAILS

PRICE

$3,552,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

32

PRICE/UNIT

$111,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

502-632 Nandino Circle (32 Units)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

67

LAND DETAILS

LAND ACRES

7.96 AC

LAND SF

346,738 SF

ZONING

R-3

APN/PARCEL ID

0048-0000-0026-E

ASK ABOUT THIS PROPERTY

Ryan CummingsCrye Leike Executive RealtyMore Info
270-782-1811

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Ryan CummingsCrye Leike Executive RealtyMore Info
270-782-1811

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