1225 N lee Drive, Bowling Green, KY

Multi-family for Sale - $8,900,000 - 245,550 Sq. Ft. on 9.5 acres


Agent Info

Anthony Briguglio
Cross Country Commercial Realty

Property Info

CIMLS#1088929
Location
  1225 N lee Drive
  Bowling Green KY 42101
UpdatedFebruary 16th, 2021
TypeMulti-family
Price$8,900,000
Building245,550 Sq. Ft.
Land9.5 acres

Attached Documents


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Property Description

3 Property Portfolio

1225 N Lee

104 Woodmont

1224 Crewdson

All Bowling Green KY

• Property One: 71 Units

• All 3 BR 2.5 Bath

• Bldg. Sq. Ft.:134,250

• 7 Acres

• Property Two: 16 Units

• All 2 BR 1 Bath

• Bldg. Sq. Ft.:110,000

• 2 Acres

• Property Three

• Single House

• 3 BR 1 Bath

• House Sq. Ft, 1300

• .05 Acres

• 88 total Units of all three properties

• Primary Zoning: M2


Financials

• Bowling Green Three property Portfolio 2020

• Gross Income:$744,851

• Expenses:$182,206

• NOI:$526,645

Bowling Green Three property Proforma 2021

• Gross Income:$920,000

• Vacancy Losses:$30,000

• Effective Gross Income:$890,000

• Taxes:$55,000

• Operating Expenses:$145,000

• Total Expenses:$200,000

• NOI:$690,000