Investment Highlights

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:

  • New signage
  • Improved Landscaping
  • Resurface parking lot
  • Improve stairs and breezeways

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:

  • Kayser Automotive: $26 million expansion; 100 new jobs - 2017
  • Tokai Carbon GE: $25 million investment; 15 new jobs
  • Tyson: $87.6 million expansion; 230 new jobs
  • Williams Sausage: $37 million investment; 226 new jobs
  • Greenfield Products: $6.3 million investment; 100 new jobs
  • Excel Boats: $7.5 million investment: 175 new jobs
  • MTD Consumer Group: $10 million investment; 200 new jobs
  • Delta Regional Authority: $10.8 million; 200 new jobs
  • PRCO America: $5.5 million investment; 32 new jobs
  • HVAC Distributing: $7 million investment; 175 new jobs

Access to Demand Drivers: Royal Ridge provides convenient access to nearby demand drivers, including:

  • Tyson: 1,600 jobs
  • Williams Sausage: 600 jobs
  • Baptist Memorial Hospital: 400 jobs; 137 beds
  • Titan Tire: 300 jobs
  • Kohler: 250 jobs

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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