5421 Scottsville Rd - Apartments FOR SALE


Bowling Green, KY 42104
$3,490,000 USD
270-799-6006
5421 Scottsville Rd, Bowling Green, KY for Sale
$3,490,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

5421 Scottsville Rd
Bowling Green, KY 42104


HIGHLIGHTS

  • 12 residential units already constructed
  • New construction completed in 2022
  • 5.32-acre site approved and rezoned for 20 duplexes (40 total units)
  • 5,000 SF clubhouse amenity with rental income potential

OVERVIEW

This offering presents a 5.32-acre multifamily development located at 5421 Scottsville Road in Bowling Green, Kentucky, approved and rezoned for 20 duplex buildings totaling 40 residential units. The project has already progressed with 12 units completed as part of a modern development constructed in 2022. The property also includes a 5,000- square-foot clubhouse that enhances resident appeal and offers additional income potential, along with 12 on-site storage units. With entitled density, recent construction, and existing improvements in place, the property is well-positioned for continued residential development and long-term investment along Scottsville Road.

FOR SALE DETAILS

PRICE

$3,490,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

12

PRICE/UNIT

$290,833

CAP RATE

Request Cap Rate

% LEASED

100%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.32 AC

LAND SF

231,739 SF

ZONING

RM4

APN/PARCEL ID

053B-23

ASK ABOUT THIS PROPERTY

Kent BulleBHG RealtyMore Info
270-799-6006

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Kent BulleBHG RealtyMore Info
270-799-6006

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