1515 Lowes Dr
Murray, KY 42071
Station 74 · Multifamily Property For Sale
·
74 Units
PROPERTY FACTS
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.12 AC |
| Building Size | 100,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2015 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Carpet
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Business Center
- Fitness Center
- Tenant Controlled HVAC
- Tanning Salon
- Furnished Units Available
- Gameroom
- Grill
- Community-Wide WiFi
- Lounge
- Sundeck
- Roommate Matching
- Study Lounge
- Walk To Campus
ABOUT 1515 LOWES DR , MURRAY, KY 42071
Capstone Apartment Partners is pleased to offer the opportunity to acquire Station 74: the top student housing option in the market—a new construction, 74-unit, 268-bed community conveniently located steps from Murray State University and downtown Murray, Kentucky. Station 74 is an outstanding opportunity to acquire a high-quality asset at a significant discount to replacement cost with significant upside potential. New ownership of Station 74 will benefit from substantial NOI growth that will be realized through the optimizing of operations and marketing strategies in order to stabilize occupancy by addressing a multitude of inefficiencies. The most recent student delivery at Murray State, Station 74 is the superior housing option for students given its premier location and best-in-class features and amenity package.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 14 | - | 746 |
| 4+4 | 60 | - | 1,261 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $7,600,002 |
