455 Three Springs Rd
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455 Three Springs Rd
8 Unit Block of Flats £956,980 (£119,623/Unit) 4.82% Net Initial Yield Bowling Green, KY 42104
Investment Highlights
- Eight Townhome Portfolio. Purchaser could sell separately to unlock value.
- Market rent in the area is between $1050 and $1150/month.
Executive Summary
FOR SALE: TOWN HOME PORTFOLIO.
This fantastic investment opportunity includes 8 townhome units that have been recently renovated and are located close to I-65, shopping, and restaurants. Each unit features 2 bedrooms, 1.5 bathrooms, in 1,080 square Feet. Offering plenty of living space. With its convenient location and updated interiors, these units are highly attractive for those looking for a comfortable and modern living space. Don't miss out on this chance to add a profitable property to your investment portfolio. All units are currently rented. Market rent in the area is between $1050 and $1150/month. Offers are contingent on viewing each unit and satisfactory inspections within 15 days—the buyer's agent to verify the square footage and lot size. Total 8 units must be purchased as a package deal. Buyers can purchase and sell separately to unlock value.
This fantastic investment opportunity includes 8 townhome units that have been recently renovated and are located close to I-65, shopping, and restaurants. Each unit features 2 bedrooms, 1.5 bathrooms, in 1,080 square Feet. Offering plenty of living space. With its convenient location and updated interiors, these units are highly attractive for those looking for a comfortable and modern living space. Don't miss out on this chance to add a profitable property to your investment portfolio. All units are currently rented. Market rent in the area is between $1050 and $1150/month. Offers are contingent on viewing each unit and satisfactory inspections within 15 days—the buyer's agent to verify the square footage and lot size. Total 8 units must be purchased as a package deal. Buyers can purchase and sell separately to unlock value.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £956,980 | Building Class | B |
| Price Per Unit | £119,623 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 8,640 SF |
| Net Initial Yield | 4.82% | Average Occupancy | 100% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1993 |
| Property Subtype | Apartment | Parking Ratio | 6.94/1,000 SF |
| Apartment Style | Townhome |
| Price | £956,980 |
| Price Per Unit | £119,623 |
| Sale Type | Investment |
| Net Initial Yield | 4.82% |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 8,640 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1993 |
| Parking Ratio | 6.94/1,000 SF |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Lawn
Site Amenities
- Fenced Lot
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 8 | £823.63 | 1,080 |
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PROPERTY TAXES
| Parcel Number | 053A-04A-008 | Total Assessment | £294,154 |
| Land Assessment | £0 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
053A-04A-008
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£294,154
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | OPR (Office Professional Residential.) |
| OPR (Office Professional Residential.) |
-
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455 Three Springs Rd
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