Great Unit Mix: Parks at Vine offers investors a great unit mix with over 87% 2 BD units. The 2 bed floorplans average over 1,100 square feet.
Light Value-Add: Units with vinyl flooring are receiving a $100 rent premium. New ownership will have the opportunity to add value to the property through a light renovation, such as replacing the flooring for the remaining units, adding black or stainless steel appliances, adding washer/dryer machines into all units, painting the cabinets, or replacing the countertops.
Well Maintained Asset: Current ownership does an excellent job maintaining the exterior and curb appeal of the asset.
Additional Land to Develop: The offering includes a Phase II component consisting of 12.80
acres zoned for an additional 216 multifamily units that new ownership will have the option to develop.
Excellent Amenities Package: Parks at Vine offers an outstanding amenities package, including:
Hardin County Demand Drivers: Tenants have quick access to many of Hardin County’s top demand drivers, including:
Fort Knox Military Base: Fort Knox was recently selected to be the Army’s 4th Headquarters, has an economic impact in the region over $2.6 billion, and provides 22,000 military & civilian jobs. The base is home to the U.S. Army Human Resources Command, which occupies a nearly 900,000 SF facility (largest office building in Kentucky).
Low Unemployment Rate: The Radcliff/Elizabethtown unemployment rate is 4.9%, much lower than the national unemployment rate of 8.4%, signaling the strength of the local economy.
Louisville’s Manufacturing Expanding South: Louisville, Kentucky’s largest city, has been expanding its manufacturing south into Bullitt County, which borders Hardin County. Recent capital investments into Bullitt County include a Turning Point Brands distribution facility, Jim Beam expansion, Walmart distribution center, and multiple business parks such as Velocity 65 Trade Center and LogistiCenter at 480.