$395,000 Price Analysis   ♡   Paducah, KY 42003 11 bed 6 bath 4,675 SqFt ($84/SqFt) 0.33 acre lot. Listed 2024-03-23 | Ⓧ USDA Ineligible due to location near Paducah |
Looking for an investment opportunity? Here you go.
Currently 83% rented as the 1/1 unit is being used as storage. 5 of the 6 units are 2/1 and rent ranging from $615-$750/mo. Cap Rate is 7.5%. All tenants are current with no arrears. All tenants are MTM.
CAPEX are electrical upgrades in all units, new asphalt in parking lot, renovation of each unit, refurbished/new flooring throughout, repair/reinforced wood deck/steps and new windows. Come check out this investment nd increase your rental portfolio or start new.
Presented by Brian Wyatt at
Purchase Realty Group.
Property MLS #126079 from WesternKentucky
Flooring: Laminate, Wood
Heating Features: Forced Air, Gas Pack, Multiple Units
Exterior Lights
Trees
Lot Size Acres: 0.33
Topography: Level
Lot Size Square Feet: 14375
Stove
Calculated Total Monthly Association Fees: 0
High School: Tilghman
Middle School: Paducah Middle
Map directions Map directions Map directions Map directionsBedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Full Bathrooms in Unit-5: 1
Full Bathrooms in Unit-6: 1
Unit-1 Description: Refrigerator, Stove
Unit-2 Description: Refrigerator, Stove
Unit-4 Description: Refrigerator, Stove
Unit-5 Description: Refrigerator, Stove
Unit-6 Description: Refrigerator, Stove
Unit-1 Square Feet: 975
Unit-2 Square Feet: 975
Unit-3 Square Feet: 400
Unit-4 Square Feet: 775
Unit-5 Square Feet: 775
Unit-6 Square Feet: 775
Unit 1 Total Actual Rent: 750
Unit 2 Total Actual Rent: 640
Unit 4 Total Actual Rent: 770
Unit 5 Total Actual Rent: 770
Unit 6 Total Actual Rent: 770
County: McCracken
Directions: Traveling south on S. 28th St from the intersection of Jackson St and 28th, travel approximately 1 mile and apartments will be on the left. It is one (1) block south of Morgan Elementary School.
Restrictions: Zoning
Source Property Type: Multi-Family
Owner Pays: Water/Sewer, Trash
Property Subtype: Five Or More
Source System Name: C2C
$395,000
WesternKentucky
Price Changed 2024-04-24
$420,000
WesternKentucky
Listed 2024-03-23
$450,000
WesternKentucky
Electric On Property: Yes
Gas: Atmos Energy
Sewer: Public/Municipality
Garbage - Public
Natural Gas Available
Street Lights
Water Source: Public/Municipality
Roof: Dimensional Shingle
Levels or Stories: Two
House Style: 2 Story
Walls: Dry Wall
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.