UNITS: 2014 | YEAR BUILT: 2014 | SQFT: 239,800
Marcus & Millichap is pleased to present The Resort, a 264-unit apartment complex located in Richmond, KY just outside of Lake Reba, a popular outdoor spot for locals and tourists alike. Picturesque views and ample parking highlight The Resort which has taken the extra step by installing geothermal HVAC, high-speed internet access, and engineered hardwood in all 264 units.
Buy and Hold
Favorable debt markets provide strong cash-on-cash return opportunity for a great buy and hold play in a desirable submarket.
Limited Supply | High Demand Asset
Properties of this size do not trade often in this market. In the last 10 years, there has only been one deal over 200 units that has traded in Richmond.
Market Proven Rents
The competitive set boasts rents $300-500 higher than The Resort allowing the opportunity to draft newer construction and other similar product with a rent push.
|Address:||743 Benson Drive|