120 S Lorraine St, Radcliff, KY 40160

Commercial property for lease

• Description
• Vista is the gold standard of quiet apartments near the retail center of Radcliff, Kentucky. Unique five story solid concrete property attracts tenantsdue to its sound suppression quality, security, and great location. This former nursing home, built in 1986 is the tallest building in Radcliff. Fort Knox is home to our nation's gold, and an economic powerhouse. Radcliff is the suburb built around the main gate to Fort Knox. However only 10 percent of the units at Vista Apartments are currently rented by enlisted personnel. Owners pay all utilities and self manage the property from out of town. Meanwhile new development has proven the $1/sq ft rental market in Radcliff. Class A properties are full, proving a strong demand exists for quality rehabs. Vista Apartments consists of 102 units with walk in closets, multiple common rooms, storage areas, and a very large recreation room. By purchasing this property under $40k/door and fully rehabbing at ~$10K/door, a buyer should be able to compete for the top tenants at far less than cost of new construction. Buyer might consider adding carports to the Vista parking lot to further entice top tier renters, and push NOI.Full Architectural drawings, and a 2017 Clean Phase 1 is available to buyer. Building price details: $3,800,000.
• Contact info
• Larry Hausman

  Marcus & Millichap
• Note

• Details Info about this row that located on 120 S Lorraine St, Radcliff, KY 40160 was got from trusty sources, but HousesForSaleList.com 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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