CEV MURRAY SOUTH...Opportunity to Continue Conversion from Student Housing to Market Rate Asset Pro-Forma Shows High Cash Flow Best-in-Class Market Rate Asset in Area Ample Amenities

CEV MURRAY SOUTHEXCLUSIVE MULTIFAMILY INVESTMENT OPPORTUNITY

Executive Summary

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OFFERING HIGHLIGHTS

1700 Lowes Drive, Murray, Kentucky 42071

CEV MURRAY SOUTHE X C L U S I V E I N V E S T M E N T O P P O R T U N I T Y

OFFERING PRICE

CALL FOR OFFERS

VITAL DATA

Price Call for Offers

Number of Units 108

Gross Square Feet 150,132

Year Built 1999

Physical Occupancy (December 2019) 65%

Number of Buildings 10

Number of Stories 3

Lot Size 17.54 Acres

Roof Type Pitched

HVAC Type Central

Electricity* Paid by Property | Individual Meter

Water/Sewer* Paid by Property | Master Meter

Cable* Paid by Property Until August 2020

Internet* Paid by Property Until August 2021

*There is a RUBS on all conventional leases.

► Opportunity to Continue Conversion from

Student Housing to Market Rate Asset

► Pro-Forma Shows High Cash Flow

► Best-in-Class Market Rate Asset in Area

► Ample Amenities and Parking to Draw New

Prospective Tenants

► Minimal Interior Improvements Necessary

► Little Deffered Maintenance

MARKET RATE CONVERSION OPPORTUNITY

STRONG CASHFLOW POTENTIAL

MINIMAL RENOVATIONS

NEEDED

INVESTMENT HIGHLIGHTS

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CENTRAL PARK

ROY STEWARTSTADIUM

MURRAY COUNTRY CLUB

C E V M U R R A YS O U T H

PRIMARY CAREMEDICAL CENTER

LocalMap

Map Data © 2019 Google

E X C L U S I V E LY L I S T E D

CEV MURRAY SOUTH

PATRICK COSGROVEInvestment SpecialistNational Multi Housing GroupNashville, TNCell 615.973.5373 Office [email protected] TN 341774Colby Haugness, KY BOR KY License: 242197