Apartments For Sale

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30720668
Status: Pending/Contingent
Number of Units: 44 Units
Building Size (RSF): 36,382 SF
Gross Land Area: 3.19 Acres
Sale Price: $995,900
Unit Price: $22,634.09 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2021

Overview / Comments

Great TURN-KEY 44 Unit Apartment opportunity nestled in Inez, KY. Over 75% Occupancy rate and stable cash flow. 7 Buildings, 36,000+ Sq. Ft, 88 Parking space with office, clubhouse and laundry facilities.

Additional Details

Nearest MSA: Huntington-Ashland
County: Martin
Tax ID/APN: 028-01-02-004.00
Zoning: RESIDENTIAL
Highway Access: Hwy 645
Site Description: Asset highlights include: * Proximity to Hwy 645, Retail, Grocery, and Restaurants * Low tenant attrition * Significant improvements to units, including laundromat revenue. * Water included in monthly rents
Property Condition: Good

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,499 5,580
Median Age: 41.67 39.57
Households: 1,016 2,214

Contact

Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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