200 N Hill N Dale St - Apartments FOR SALE


Danville, KY 40422
$3,250,000 USD
859-309-0099
200 N Hill N Dale St, Danville, KY for Sale
$3,250,000 USD
Apartments - FOR SALE
1/8
null | 6.3% Cap Rate

200 N Hill N Dale St
Danville, KY 40422


HIGHLIGHTS

  • Ample paved parking providing off-street parking for all units
  • Abundant green space
  • Ideally located minutes from Centre College, retail centers, and downtown Danville
  • Recent plumbing upgrades
  • Washer/Dryer hookups available in certain units

OVERVIEW

200 N. Hill-N-Dale Street is a 40-unit multifamily property in Danville, KY. The property, built in 1975 and renovated in 2018, is 32,460 square feet and is situated on 2.35 acres. There are 24 one-bedroom/one-bathroom units and 16 two-bedroom/one-bathroom units. The one-bedroom units are 750 square feet and offer washer/dryer hookups. The two-bedroom units are 900 square feet. Each unit offers LVT, tile, and carpet flooring and separate dining and living room areas. The property features ample paved parking providing off-street parking for all units and abundant green space. It is ideally located minutes from Centre College, retail centers, and downtown Danville. This property can be sold individually or along with other properties in a 60-unit multifamily portfolio. The 60-unit multifamily portfolio is strategically located in the heart of Central Kentucky, offering excellent access to major employment centers, universities, healthcare centers, and retail corridors. The Central Kentucky area benefits from strong renter demand, low vacancy rates, and a stable market. This is a rare opportunity to acquire a large and stabilized multifamily portfolio in one of Kentucky's most reliable rental markets. The other properties in the portfolio are 1416 Townley Drive, Lexington, KY and 115 Delmont Drive, Lexington, KY. Financials available upon request. -Ample paved parking providing off-street parking for all units -Abundant green space -Ideally located minutes from Centre College, retail centers, and downtown Danville -Recent plumbing upgrades -Washer/Dryer hookups available in certain units Unit Features: -One bedroom, One bathroom units – 750 square feet -Washer/Dryer hookups available in the one bedroom units -Two bedroom, One bathroom units – 900 square feet -LVT and carpet flooring -Separate dining and living room areas

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

40

PRICE/UNIT

$81,250

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.53 AC

LAND SF

284,447 SF

ZONING

Residential

APN/PARCEL ID

D10-001-050

ASK ABOUT THIS PROPERTY

Alaina StokesBlock + Lot Real EstateMore Info
859-309-0099

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Alaina StokesBlock + Lot Real EstateMore Info
859-309-0099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.