美国肯塔基州斯特吉斯房产的橡树河公寓（River Oaks Apartments）是一个拥有56个单元的公寓综合大楼，位于肯塔基州斯特吉斯的凯尔西街400号（ 400 N Kelsey Street in Sturgis, KY）。威斯敏斯特公寓（Westminster Apartments）为投资者提供了一个机会，可以通过现有公寓的整体租赁和市价的提升，来收购一项具有潜在增值价值的多户型资产。
美国肯塔基州斯特吉斯房产的该物业建于1974年，包含七栋两层建筑。该处有7栋公寓楼、一栋办公楼/洗衣房和一个操场。橡树河公寓（River Oaks Apartments）目前使用率约68 %，包含56套公寓( 1 - BR和2 - BR单元)。其中4栋楼总共有32套2居室/1浴室的单元；另3栋楼，每栋有8套1居室/1浴室的单元，一共24套。住宅单元配备暖气/空调和完整的厨房用具，包括洗碗机、冰箱、烤箱、炉灶等。建筑内部设有8英尺宽过道和楼梯，每层每侧各有两个单元。该物业位于约3.73英亩的地块上，为居民及访客提供94个地面停车位。此外，该物业目前8户租客入驻，还有18个空置单位已经准备好出租，可以立即进行增值/整体租赁。
斯特吉斯（Sturgis）是位于肯塔基州联合郡（Union County, Kentucky）的一个小城市。该郡位于俄亥俄河（Ohio River）及联合郡（ Union County），与邻近的印第安那州波西郡（Posey County, Indiana）和伊利诺斯州加勒廷郡（Gallatin County, Illinois）一起，形成了伊利诺斯州-印第安那州-肯塔基州（ Illinois-Indiana-Kentucky）三角地区。该物业
River Oaks Apartments is a 56-unit apartment complex, located at 400 N Kelsey Street in Sturgis, KY. Westminster Apartments offers investors the opportunity to acquire a multifamily asset with potential value add through lease-up of the available units and market rate increases.
Built in 1974, the Property contains seven 2-story buildings. The site is improved with the 7 apartment buildings, an office/laundry building and a playground. River Oaks Apartments is currently ±85% occupied and contains 56 apartments (1-BR and 2-BR units). There are 4 buildings containing 2 brm/1 bath apartments (32 units) and there are 3 buildings with 8 units per building containing 1 brm/1 ba apartments (24 units). Unit features include heating/air conditioning and complete kitchen appliances including dishwasher, refrigerator, oven, range, etc. The buildings have an interior 8' breezeway with stairs and there are two units per side per floor. The Property is positioned on a ±3.73 AC parcel and offers 94 surface parking spaces for residents/guests. Additionally, the Property has some section 8 tenants currently in-place and there are 10 vacant units that are rent ready and available for immediate value-add/lease-up. The building has a new metal roof and a new 24 x 40 steel maintenance building with double garage doors and concrete floor.
Sturgis is a small city located in Union County, Kentucky. The county is located on the Ohio River and Union County, along with neighboring Posey County, Indiana, and Gallatin County, Illinois, form the tri-point of the Illinois-Indiana-Kentucky Tri-State Area. The Property is located in a residential area with 2018 demographics of approximately ±3,570 individuals residing within a five-mile radius of the property and an average household income of ±$54,200. Within 1-mile of the Property, the demand for rental housing is high with ±57.22% of housing being renter-occupied units. Additionally, in 2018, the total specified consumer spending within a 5-mile radius of the Property accounts for ±$32,204,000 and there are ±110 businesses and ±794 employees. Sturgis is served by the Union County Public Schools and the Property is located only ±3 minutes from Sturgis Elementary and ±12 minutes from Union County Middle School & Union County High School outside Morganfield. The Property is situated ±1 mile from the famed Kentucky Bike Rally, ±1.5 miles from Union County Fair & Expo Center, ±2 miles from Sturgis Municipal Airport, and ±1.8 miles from Sturgis Kentucky Motoplex.
River Oaks Apartments presents investors with the opportunity to purchase a 56-unit apartment community in Sturgis, KY with both short and long term upside opportunities.
Property Listed by: Ten-X, Lee Leslie, RE Brkr 216222 This property will be auctioned on Monday, December 10 - Wednesday, December 12 . The price displayed is the starting bid amount of $250,000. For information and to register to bid on this property, please visit Ten-X.com.
