Gomberg Report: Kentucky

Property Description

All units feature 3 bedrooms, two baths, central heat and air, front and rear porches, and one covered parking space per unit. Fully equipped kitchens with dishwashers and disposals. Jacuzzi tub in the master bathrooms. All units have washer/dryer hookups. This property is already set up as condominiums

Apartment building with 2 large studios, 7 1BR 17 2BR units. Tenants pay for own heat. Building was renovated in 1984.

1999 apartment complex consisting of 22 buildings situated on 10 acres. All electric utilities. 50 of the units have garages.

1996 apartment complex consisting of 4 3-story buildings. Off-street parking for 48 cars.

Two story steel building with brick veneer and concrete parking lot. 20, owner managed, efficiency units.

Apartment complex situated on 3 acres of land. Tenants pay utilities. Historical low vacancy rate. Private settings appeal to tenants.

All 2BR units located on the West Side of town. Property was fully renovated about 9 years ago. One building burned a few years ago and was totally rebuilt with upgraded fixtures and amenities.

This is a spacious low density complex located on 16.38 acres with room for possible expansion. Thirty four 1 bedroom 1 bath, fifty six 2 bedroom 1 bath, and twelve 3 bedroom 2 bath units. All units have dishwashers, disposals, frost free refrigerators, electric ranges, and hot water heaters. The three bedroom units offer washer/dryer hookups. Heating is provided by individual gas furnaces, cooling by individual A/C units with the tenants paying for their own electric and gas consumption and the owner paying water and sewer. There are ten seperate apartment buildings with vinyl siding and gable roofs. An eleventh building contains the rental office, maintenance shop and laundry facility. Amenitites include a pool and playground.

All brick construction apartment complex with 112 2BR and 1 4BR unit. Over 4.4 acres of land. Separate utilities.

49 individually deeded 2BR/1.5BA townhomes built in 1979. Tenants pay all utilities. Many units renovated. Below market rents.

This apartment complex offers (74) two-bedroom/ one and a half bath units (850 sf) and (22) three-bedroom/ two-bath units (1100 sf).
The utilities for the property consist of a gas powered, hot-water boiler
heating system for 80 of the units. 16 of the units have individual, tenant-paid water heaters. Each unit has its own electric-supply, forced-air conditioning system. All electrical "boxes" have been submetered. The electrical expense is the responsibility of the tenant. Water is supplied by the local municipality and is paid by the owner. Amenities include: the laundry facility, dishwashers in all units, and balconies.
10% down with seller second

This complex offers three different one bedroom and two bedroom unit
styles, seperated among seven buildings. The first unit-style consist's of 24 "all-electric" (heat supply), 1 Bed / 1 Bath units. The tenant is reponsible for paying the electric expense which supplies all heating and air conditioning for these units. The second and third unit style's operate on a gas-supplied, boiler/chiller heating and air conditioning system. The owner is responsible for the gas expense supplying both the heat and air conditioning as well as the individual unit's electric expense. These unit's include: 36 1 Bed / 1 Bath and 32 2 Bed / 1 Bath units. All water expenses are paid for by the owner.
Complex was constructed in 1970 with the exterior of the buildings
being of brick veneer construction and gabled roofs.
10% down with seller second

These (8) 4-plexes have been dilligently maintained with no deferred maintenance. All 2 BR, 2 BA units.

24 one bedroom Garden apartments. One building completely rebuilt a few years back. Easily managed, stays full.

1968 Apartment complex consists of 22 buildings situated on 15.8 acres. Amenities include clubhouse, swimming pool, laundry rooms, washer/dryer hookups, patios and balconies. There are 650 parking spaces.

1967 apartment complex with all 2BR units. In average condition. Separately metered individual electric furnaces and water heaters. Laundry room. Newer roof, gutters, windows and parking lot retaining wall.

Located 2 blocks from Univ. of Louisville's Belknap Campus, this property has 28 1BR and 4 2BR apartments and is situated on 2.5 acres. Laundry facility, 32-car parking and free wi-fi for tenants.

Well maintained brick apartment complex. 90% occupied.

Remodeled 20 unit apartment building, separate meters, walking distance to several restaurants, shopping, and public transportation, priced below appraised value.

Two buildings on Saddlebrook Lane. Very well maintained and fully rented. Rents are from $310 to $345 per month for the 1 bedroom and $450 for the 2 bedroom and are being revised upward as vacancies occur. First building (4800) has 12 one bedroom units, second (4806) has 13 one bedroom and 1 two bedroom, while third (4810) has 12 one bedroom and 2 two bedroom. All are offered separately or ogether.

Two Multi-family buildings for sale.

Well built brick building with many improvements to property.
10% down with seller second

1975 apartment complex consists of 3 well maintained buildings with 6 1BR, 24 2BR and 6 3BR units. Doublepane windows, ample parking and additional acre.

Complex consists of four 6-unit buildings with all 2BR apartments. 96% occupancy.

Brick apartment building situated on 1.03 acre lot. Fully occupied.
10% down with seller second

Apartment complex consists of 5 buildings with all two-bedroom units.
10% down with seller second

Property consists of six 4-unit buildings with all 2BR's. Each unit has 2 parking spaces.
10% down with seller second

11 Plex and two triplex units in downtown Versailles. Updated, easily rents and managed. Lots of long term tenants.
10% down with seller second

Gomberg Report > Kentucky Updated 5/2/2008 Click on the thumbnail picture to view larger size picture. Click on the "contact broker" link to request more information from the Broker. New Listings are labeled for the first 2 weeks We will have listings available state-wide within the next year (as we only have select cities within this state currently). However, all of our financial programs are available nationwide now.
Town	Property Description	Asking Price	Gross Income	Gross Multiplier	PPU	Comments	Contact Broker
Carrollton (approximately 35 miles northeast of Lousiville)
	12 unit	995,000 80% Financing Available	103,760	9.59	82,916	All units feature 3 bedrooms, two baths, central heat and air, front and rear porches, and one covered parking space per unit. Fully equipped kitchens with dishwashers and disposals. Jacuzzi tub in the master bathrooms. All units have washer/dryer hookups. This property is already set up as condominiums	contact broker
Covington (approximately 1 mile south of Cincinnati Ohio)
	26 unit	885,000 80% Financing Available	154,080	5.74	34,038	Apartment building with 2 large studios, 7 1BR 17 2BR units. Tenants pay for own heat. Building was renovated in 1984.	contact broker
Crittenden (approximately 30 miles south of Cincinnati Ohio)
	90 unit	6,750,000 80% Financing Available	740,944	9.11	75,000	1999 apartment complex consisting of 22 buildings situated on 10 acres. All electric utilities. 50 of the units have garages.	contact broker
	24 unit	1,110,000 80% Financing Available	119,483	9.29	46,250	1996 apartment complex consisting of 4 3-story buildings. Off-street parking for 48 cars.	contact broker
Dry Ridge (approximately 60 miles northeast of Lousiville)
	20 unit	800,000 80% Financing Available	112,385	7.12	40,000	Two story steel building with brick veneer and concrete parking lot. 20, owner managed, efficiency units.	contact broker
Florence (approximately 20 miles south of Cincinatti Ohio)
	48 unit	2,400,000 80% Financing Available	284,880	8.4	50,000	Apartment complex situated on 3 acres of land. Tenants pay utilities. Historical low vacancy rate. Private settings appeal to tenants.	contact broker
Frankfort (approximately 25 miles northwest of Lexington)
	48 unit	1,600,000 80% Financing Available	238,827	6.7	33,333	All 2BR units located on the West Side of town. Property was fully renovated about 9 years ago. One building burned a few years ago and was totally rebuilt with upgraded fixtures and amenities.	contact broker
	102 unit	3,290,000 80% Financing Available	565,502	5.83	32,254	This is a spacious low density complex located on 16.38 acres with room for possible expansion. Thirty four 1 bedroom 1 bath, fifty six 2 bedroom 1 bath, and twelve 3 bedroom 2 bath units. All units have dishwashers, disposals, frost free refrigerators, electric ranges, and hot water heaters. The three bedroom units offer washer/dryer hookups. Heating is provided by individual gas furnaces, cooling by individual A/C units with the tenants paying for their own electric and gas consumption and the owner paying water and sewer. There are ten seperate apartment buildings with vinyl siding and gable roofs. An eleventh building contains the rental office, maintenance shop and laundry facility. Amenitites include a pool and playground.	contact broker
Lexington
	113 unit	4,125,000 80% Financing Available	644,980	6.39	36,504	All brick construction apartment complex with 112 2BR and 1 4BR unit. Over 4.4 acres of land. Separate utilities.	contact broker
	49 unit	3,150,000 80% Financing Available	359,000	8.77	64,285	49 individually deeded 2BR/1.5BA townhomes built in 1979. Tenants pay all utilities. Many units renovated. Below market rents.	contact broker
	96 unit	3,200,000 80% Financing Available	544,680	5.88	33,333	This apartment complex offers (74) two-bedroom/ one and a half bath units (850 sf) and (22) three-bedroom/ two-bath units (1100 sf). The utilities for the property consist of a gas powered, hot-water boiler heating system for 80 of the units. 16 of the units have individual, tenant-paid water heaters. Each unit has its own electric-supply, forced-air conditioning system. All electrical "boxes" have been submetered. The electrical expense is the responsibility of the tenant. Water is supplied by the local municipality and is paid by the owner. Amenities include: the laundry facility, dishwashers in all units, and balconies. 10% down with seller second	contact broker
	92 unit	3,390,000 80% Financing Available	600,240	5.65	36,847	This complex offers three different one bedroom and two bedroom unit styles, seperated among seven buildings. The first unit-style consist's of 24 "all-electric" (heat supply), 1 Bed / 1 Bath units. The tenant is reponsible for paying the electric expense which supplies all heating and air conditioning for these units. The second and third unit style's operate on a gas-supplied, boiler/chiller heating and air conditioning system. The owner is responsible for the gas expense supplying both the heat and air conditioning as well as the individual unit's electric expense. These unit's include: 36 1 Bed / 1 Bath and 32 2 Bed / 1 Bath units. All water expenses are paid for by the owner. Complex was constructed in 1970 with the exterior of the buildings being of brick veneer construction and gabled roofs. 10% down with seller second	contact broker
	32 unit	1,300,000 80% Financing Available	172,800	7.5	40,625	These (8) 4-plexes have been dilligently maintained with no deferred maintenance. All 2 BR, 2 BA units.	contact broker
	24 unit	889,000 80% Financing Available	120,960	7.35	37,041	24 one bedroom Garden apartments. One building completely rebuilt a few years back. Easily managed, stays full.	contact broker
Louisville
	385 unit	7,500,000 80% Financing Available	2.287M	3.28	19,481	1968 Apartment complex consists of 22 buildings situated on 15.8 acres. Amenities include clubhouse, swimming pool, laundry rooms, washer/dryer hookups, patios and balconies. There are 650 parking spaces.	contact broker
	80 unit	3,000,000 80% Financing Available	410,400	7.31	37,500	1967 apartment complex with all 2BR units. In average condition. Separately metered individual electric furnaces and water heaters. Laundry room. Newer roof, gutters, windows and parking lot retaining wall.	contact broker
	32 unit	2,200,000 80% Financing Available	260,400	8.45	68,750	Located 2 blocks from Univ. of Louisville's Belknap Campus, this property has 28 1BR and 4 2BR apartments and is situated on 2.5 acres. Laundry facility, 32-car parking and free wi-fi for tenants.	contact broker
	20 unit	750,000 80% Financing Available	116,400	6.44	37,500	Well maintained brick apartment complex. 90% occupied.	contact broker
	20 unit	640,000 80% Financing Available	93,780	6.82	32,000	Remodeled 20 unit apartment building, separate meters, walking distance to several restaurants, shopping, and public transportation, priced below appraised value.	contact broker
	26 unit	756,200 80% Financing Available	181,056	4.21	29,084	Two buildings on Saddlebrook Lane. Very well maintained and fully rented. Rents are from $310 to $345 per month for the 1 bedroom and $450 for the 2 bedroom and are being revised upward as vacancies occur. First building (4800) has 12 one bedroom units, second (4806) has 13 one bedroom and 1 two bedroom, while third (4810) has 12 one bedroom and 2 two bedroom. All are offered separately or ogether.	contact broker
	26 unit	600,000 80% Financing Available	100,440	5.9	23,076	Two Multi-family buildings for sale.	contact broker
	18 unit	729,000 90% Financing Available	97,260	7.49	40,500	Well built brick building with many improvements to property. 10% down with seller second	contact broker
Nicholasville (approximately 85 miles east of Lousiville)
	36 unit New Listing	820,000 80% Financing Available	205,612	3.99	22,777	1975 apartment complex consists of 3 well maintained buildings with 6 1BR, 24 2BR and 6 3BR units. Doublepane windows, ample parking and additional acre.	contact broker
	24 unit	1,650,000 80% Financing Available	155,700	10.59	68,750	Complex consists of four 6-unit buildings with all 2BR apartments. 96% occupancy.	contact broker
	24 unit	993,000 80% Financing Available	141,300	7.03	41,375	Brick apartment building situated on 1.03 acre lot. Fully occupied. 10% down with seller second	contact broker
Oak Grove (approximately 80 miles southwest of Bowling Green)
No current listings
Owensboro (approximately 100 miles southwest of Lousiville)
	60 unit	2,200,000 80% Financing Available	282,960	7.77	36,666	Apartment complex consists of 5 buildings with all two-bedroom units. 10% down with seller second	contact broker
	24 unit	995,000 80% Financing Available	100,000	9.95	41,458	Property consists of six 4-unit buildings with all 2BR's. Each unit has 2 parking spaces. 10% down with seller second	contact broker
Russellville (approximately 20 miles southwest of Bowling Green)
No current listings
Taylorsville (approximately 25 miles southeast of Louisville)
No current listings
Versailles (approximately 15 miles west of Lexington)
	17 unit	775,000 80% Financing Available	89,724	8.92	45,588	11 Plex and two triplex units in downtown Versailles. Updated, easily rents and managed. Lots of long term tenants. 10% down with seller second	contact broker