Description
Marcus & Millichap is pleased to present the Richmond Portfolio, 67 multifamily units in the Richmond, KY market. This portfolio consists of fully renovated units with opportunity to increase rents and boost NOI through a strategic marketing initiative.
INVESTMENT HIGHLIGHTS
o Turn-key opportunity: Little to no deferred maintenance.
o Resident retention: townhomes style units provide a stable tenant base.
o Richmond Market: Richmond is home to EKU, Gill Industries and Rotech Healthcare.
RECENT CAPEX INCLUDE:
All plumbing replaced (2017)
All roofs replaced (2017)
HVAC Replaced (2017-19)
Water Heaters Replaced (2017-19)
Full Interior Unit Renovations (2017-22)
Windows Replaced (2017-19)*
Interior Renovations Include:
New Cabinets
New Countertops
New Appliances
New LVP Flooring
New Bathroom Vanities
New Light Fixtures
*Windows not replaced on 916 Villa Dr
Listing Details
| Price: | $Market Bid |
|---|---|
| City: | Richmond |
| State: | KY |
| Year Built: | 1985 |