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400 Kelsey Street, Sturgis, KY 42459

Commercial property for sale

  • 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
    Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 16,911 +/Unit
    Number of Stories: 2
    Year Built: 1972
    Year Renovated: 2009
    Zoning: R-2
    Buildings: 1
    Terms: Cash to Seller
    Added: 11/18/2012
    Last Update: 09/02/2013
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 77
  • Contact info
  • Chris M Stuard: 812-471-7002 [Fax]
    Martin Commercial Group/Sperry Van Ness

  • Note

  • Details Info about this row that located on 400 Kelsey Street, Sturgis, KY 42459 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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