Cambridge Murray Portfolio

Cambridge Murray Portfolio

Murray, KY
Available
  • Property Type: Apartments
  • Year Built : 1993-2014
  • Property Size: 102,806 SF / 125 Units

Overview

Capstone Apartment Partners is pleased to present the Cambridge Murray Portfolio, a 125-unit portfolio in Murray, Kentucky. The portfolio is spread across 26 buildings within a quarter-mile radius as shown on the map on the next page. Current ownership self-developed the majority of the portfolio and has maintained the assets exceptionally well through hands-on meticulous self-management. The next owner will have the immediate opportunity to adjust current operations and implement sophisticated 3rd party management to include a utility billback and reimbursement structure to capture additional income. Currently, ownership has begun increasing rents by $50-$100 per unit upon lease expiration and maintained 100% occupancy. By continuing this initiative, the next owner can increase GPR by 6%.  Additionally, all utilities along with cable/internet are paid by the landlord and included in monthly rent. By passing these charges to the tenant, the next owner can immediately increase EGI by nearly 20%.

Investment Highlights

  • Opportunity To Implement Sophisticated Management
  • Exceptionally Well-Maintained Asset Offered Below Replacement Costs (Built Between 1993-2014)
  • Strong Local Economy, Superb School Districts, Murray State University

Contact Information

Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
Jordan Arand Investment Sales Advisor P: 815.291.9250
O: 800.746.3175 ext. 747
jarand@capstone-companies.com
Tyler Mayo Senior Advisor P: 662.386.1622
O: 800.746.3175 ext. 729
tyler@capstone-companies.com
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