Riverside 25 | 24 Units + Development Potential | Burlington, KY $1,200,000 | 24 Existing Units | 8± Acres | 95% Occupancy | 7.14% Cap Rate | Additional Development Potential Riverside 25 offers investors a compelling combination of current multifamily income and future development potential in Burlington, Kentucky, within the Northern Kentucky/Greater Cincinnati market. Offered at $1,200,000, the property consists of 24 existing multifamily units situated on approximately 8 acres, with additional land available for future development included in the asking price. Based on 2025 NOI of approximately $85,635, the existing operation produces a going-in cap rate of approximately 7.14%. The asking price equates to approximately $50,000 per existing unit before assigning any separate value to the additional development potential. The property consists of eight buildings: six residential rental buildings containing the 24 units and two maintenance buildings supporting property operations. Riverside 25 historically maintains approximately 95% occupancy, providing an established income stream while a new owner evaluates the property's future development opportunities. Significant capital improvements have already been completed. All buildings have new roofs, and 21 of the 24 units have been turned, substantially reducing near-term renovation requirements. All utilities are currently included in rent, creating another potential avenue for an investor to evaluate rental rates, utility expenses, and operational efficiencies as part of a long-term value-add strategy. DEVELOPMENT OPPORTUNITY A significant component of the Riverside 25 offering is the approximately 8-acre site. In addition to the existing 24-unit operation, the property includes room for additional development, and that land is included in the $1,200,000 asking price. This provides a buyer the opportunity to acquire an income-producing multifamily asset today while controlling additional land for potential future development and increased density. Any future development would be subject to applicable zoning, governmental approvals, utility capacity, engineering, and other due diligence. INVESTMENT HIGHLIGHTS • Asking Price: $1,200,000 • 24 Existing Multifamily Units • Approximately $50,000 per Existing Unit • 2025 NOI: $85,635 • Going-In Cap Rate: Approximately 7.14% • Historical Occupancy: Approximately 95% • Approximately 8 Acres • Additional Development Potential Included in Asking Price • 8 Total Buildings • 6 Residential Rental Buildings • 2 Maintenance Buildings • New Roofs on All Buildings • 21 of 24 Units Have Been Turned • All Utilities Currently Included • Existing Professional Property Management • Listing Broker Serves as Property Water Plant Operator • Established Operating History • Northern Kentucky / Greater Cincinnati Market Our company currently manages Riverside 25, providing firsthand knowledge of the property's operations, tenants, maintenance history, and performance. The listing broker also serves as the property's water plant operator, providing direct knowledge of this important component of the property and the potential for operational continuity following a sale. Riverside 25 represents an opportunity to acquire an established multifamily investment at an attractive existing per-unit basis while also obtaining additional land for potential future development. Acquire the existing cash flow. Improve the operation. Develop additional units. Create long-term value. Financials, rent roll, operating information, development information, and additional due diligence materials are available to qualified prospective purchasers. Contact the listing broker for additional information or to schedule a property tour.