Positioned in the heart of Hazard, Kentucky’s primary commercial corridor, the Hazard Apartments offer a rare opportunity to acquire a fully occupied, well-maintained multifamily asset with proven market demand. This six-unit building features a versatile unit mix designed to attract both single renters and families, enhancing its long-term leasing stability. The property benefits from its central location within the region’s commerce hub, providing residents with immediate access to essential amenities, entertainment venues, employment centers, and major roadways.
The building has been consistently updated and maintained, reflecting ownership’s commitment to quality and operational efficiency. With a reported Net Operating Income of approximately $56,510 at full occupancy, the asset demonstrates strong income performance and minimal vacancy risk. Its historical occupancy trends further validate its appeal in the local rental market.
Hazard, KY serves as a regional anchor for southeastern Kentucky, offering a blend of small-town charm and urban convenience. The city’s proximity to major routes like KY-15 and KY-80 ensures connectivity to nearby towns such as London and Berea, while its economic base supports a steady demand for rental housing. This property is ideal for investors seeking a stabilized, income-producing asset in a growing Appalachian market.