Contact info

• 812-471-7002 [Fax] 

Description

Bluegrass is a 56 unit stick build Class C property constructed in 1972. The property is situated on a well manicured 3.73 acre site just south of Highway 60 in Sturgis, KY. The property has received many renovations over the years with the most recent being new siding and roofs in 2009. Historically the property has enjoyed stable occupancy and is easily managed. The property is currently under a rent restriction that all 56 units shall have rental rate limits for approximately 11 more years. These rent restriction have not limited rent growth for the property as the market pricing is below the maximum allowable rent. These restrictions are covered in more detail under the Additional Information Section of the marketing package.

Property Details

• Building Name:Bluegrass Apartments
• Type: Multifamily
• Use Types:Low-Rise/Garden
• Status: Available
• Year Built: 1972
• Year Renovated: 2009
• Zoning: R-2
• Buildings: 1

Exterior Features

• Parking: Yes
• Parking Spaces: 77

Terms

• Cash to Seller 

Agent

Map Locations