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Multifamily

Riverstone Apartments

430 Adams St, Paducah, KY 42003

Listing Price: $1,790,000

Cap Rate
8.37%
Number of Units
18
GRM
5.59
Occupancy
90.0%
Price/Unit
$99,444
Price/Gross SF
$134.59
Gross SF
13,300

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Riverstone Apartments. This offering will allow a potential investor to purchase a rare value-add opportunity Located in Paducah, KY.

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 all cash to be paid at closing.

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

Investment Highlights

  • This offering includes a 17-unit apartment complex and a 2-bedroom home located next door.
  • Located near downtown Paducah, Riverstone Apartments is a short drive or walk to The Carson Center, riverfront festivals, museums, art galleries, and a variety of restaurants and dining options.
  • Roofs on the apartment buildings were replaced in 2021.
  • Units include washer and dryer connections

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Multifamily

Riverstone Apartments

Listing Price: $1,790,000

Cap Rate
8.37%
Number of Units
18
GRM
5.59
Occupancy
90.0%
Price/Unit
$99,444
Price/Gross SF
$134.59
Gross SF
13,300

Investment Highlights

  • This offering includes a 17-unit apartment complex and a 2-bedroom home located next door.
  • Located near downtown Paducah, Riverstone Apartments is a short drive or walk to The Carson Center, riverfront festivals, museums, art galleries, and a variety of restaurants and dining options.
  • Roofs on the apartment buildings were replaced in 2021.
  • Units include washer and dryer connections

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Riverstone Apartments. This offering will allow a potential investor to purchase a rare value-add opportunity Located in Paducah, KY. 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 all cash to be paid at closing. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE RIVERSTONE 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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