3201 Georgetown Road, Frankfort, KY 40601

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Building Details:

3201 Georgetown Road is located in Frankfort, KY.

PRG Investments has been retained as the exclusive marketing agent for this 339 unit multi-family portfolio in Frankfort, Kentucky. The exclusive offering is comprised of 4 separate apartment properties (see below). A buyer will take advantage of excellent multi-family fundamentals with these well maintained communities in high demand locations. The properties are well located in the Frankfort market and have experienced historically high occupancies. Offered at $31,545 per unit, this presents an opportunity to acquire significant economies of scale with a sizable portfolio in one market. This offering provides a chance to capitalize on the record low interest rate environment and produce outstanding leveraged returns. Excellent value-add opportunity,with intrinsic upside potential through rent growth and improved consistent management techniques. The properties may be sold together or separately.
Quick Facts
-Includes 4 separate communities- Ravencrest, Tierra Linda, Eastwood Gardens and Penthouse Apartments.
-339 Total Units (105 1 BR; 220 2BR; 14 3BR)
-Total Square Footage: 292,161
-Total Price: $10,694,000
-Price Per Unit: $31,545
-Cap Rate: 9%

Investment Highlights

-Solid Market Fundamentals: The multi-family asset class is enjoying excellent performance, given the strong fundamentals that include low vacancy and rising rental rates. These properties are located in high demand areas and have experienced historically high occupancy.

-Upside Potential: Through more consistent, customary management techniques, these properties have immediate upside potential through upward mobility in rents and expense management.

-Economies of Scale: 339 total units present opportunities to capitalize on a large scale portfolio in one market; the properties can be purchased together or separately.

-Excellent Leveraged Returns: With record low interest rates, a buyer will take advantage of the excellent rate environment to achieve very favorable yields.