Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Nervie Street Apartments in Ashland, KY. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in Northeast Kentucky. Nervie Street Apartments is a well-located, value-add multifamily investment opportunity in Ashland, KY. The property offers immediate rental upside, with current rents approximately $120 below market, and a strong foundation of recent capital improvements already completed. A majority of the units have been updated with modern finishes, and the remaining units offer additional potential for value creation. All units are separately metered for water and electric, providing operational efficiency and reduced owner expenses. With continued improvements and lease-up at market rates, the property is well-positioned for strong cash flow growth. 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 NERVIE STREET APARTMENTS.