6 Duplex Portfolio

Situated on Owensboro's west side near Tamarack Road and the Carter Road area, the Fogle Drive properties present a rare investment opportunity to acquire one or up to six income-producing properties, all currently occupied and generating income. This prime real estate offers close proximity to employment centers and a host of amenities and retail/dining attractions which drives demand for these units.Introducing an exceptional investment opportunity in Owensboro: six spacious duplex apartments, ranging from 1,920 sq. ft to 2,728 sq. ft. Each unit can be sold individually or as a complete package, offering versatility in investment options. The opportunity here rests with two factors. First, the rents average $200+/unit/month below market and CoStar projects 4.1% average annual rent growth over the next 5 years. Second, every tenant but one has been there for years and is on a month to month basis meaning a new owner can aggressively push rents to get to market. This portfolio enjoys strong employment linkage to two of Owensboro's top three employers, Daviess County Public Schools and US Bank. It is also within minutes of retail and dining in the South Frederica St corridor. These linkages drive demand for these units and will allow for a new owner to aggressively increase rents.