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Multifamily

Park Place Apartments

825 Morgantown Rd, Bowling Green, KY 42101

Listing Price: Request For Offer

Number of Units
32
Gross SF
26,400

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Bowling Green, KY. This offering will allow a potential investor to purchase a rare value-add opportunity.

Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require an assumption of current
debt at closing. Offers should be delivered to the attention of the Listing Agents.

AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE PARK PLACE APARTMENTS.

Investment Highlights

  • $16,000 Spent on capital expenses in the last 36-months
  • 20 miles south of the new $5.8 billion Ford electric vehicle plant set to deliver and create roughly 5,000 jobs in 2024
  • Units individually metered for water and electric
  • Copper wiring, washer and dryer connections in each unit, and the building is built on a crawl space

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Multifamily

Park Place Apartments

Listing Price: Request For Offer

Number of Units
32
Gross SF
26,400

Investment Highlights

  • $16,000 Spent on capital expenses in the last 36-months
  • 20 miles south of the new $5.8 billion Ford electric vehicle plant set to deliver and create roughly 5,000 jobs in 2024
  • Units individually metered for water and electric
  • Copper wiring, washer and dryer connections in each unit, and the building is built on a crawl space

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Bowling Green, KY. This offering will allow a potential investor to purchase a rare value-add opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require an assumption of current debt at closing. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE PARK PLACE APARTMENTS.

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

Financing By

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