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710 Lone Oak Rd
Paducah, KY 42003
Lone Oak Villas · Multifamily Property For Sale
·
126 Units
PROPERTY FACTS
| No. Units | 126 | Lot Size | 6.78 AC |
| Property Type | Multifamily | Building Size | 79,360 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1950 |
| Zoning | UR | ||
| No. Units | 126 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.78 AC |
| Building Size | 79,360 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | UR |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Maintenance on site
ABOUT 710 LONE OAK RD , PADUCAH, KY 42003
Capstone Apartment Partners is pleased to present Fernwood Apartment Homes: a 126-unit multi-family asset constructed in 1950 in Paducah, Kentucky. The property is located near Interstate 24; within one mile of Mercy Health Hospital and Baptist Health Hospital; and proximate to the city’s resurgent downtown riverfront district. In addition to the suitable target tenant profile located in the immediate area, the asset offers prospective ownership potential income streams and cost savings through correcting multiple operational inefficiencies; therefore, the resulting cap rates would be 6.75% in Year 1 and 10%+ in Year 3. Because Fernwood Apartment Homes has been held by the same ownership for more than 20 years, returns are strengthened by several tax benefits and programs available to potential buyers.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 124 | - | 620 |
| 3+1 | 2 | - | 1,240 |
PROPERTY TAXES
| Parcel Number | 096-34-16-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,050,000 |
PROPERTY TAXES
