Value-Add Through Rehabbing Down Units: Royal Ridge has 10 down units that can be brought back online. By renting these 10 units, new ownership could increase NOI by up to $45,600.
Well-Maintained Units: Remodeled units include new refrigerators, ranges/ovens, countertops, cabinets, & flooring, and current ownership has kept active units in good shape.
Enhance Curb Appeal: New ownership will have the opportunity to enhance the curb appeal of Royal Ridge, including:
Amenites Upgrade: The property has plenty of open space for new ownership to improve the amenities package, such as updating the playground or adding grilling/picnic spaces.
Nearby Development: Fulton, KY and the surrounding areas have had multiple large job announcements or developments, including:
Access to Demand Drivers: Royal Ridge provides convenient access to nearby demand drivers, including:
Opportunity Zone Provides Attractive Development Opportunity: Royal Ridge is located in an opportunity zone, providing a future road map for developers.
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