318 Harding St - Apartments FOR SALE


Danville, KY 40422
$350,000 USD
859-339-8105
318 Harding St, Danville, KY for Sale
$350,000 USD
Apartments - FOR SALE
1/12
null | 8.71% Cap Rate

318 Harding St
Danville, KY 40422


HIGHLIGHTS

  • Building Size: ±3,872 SF (±1,936 SF per floor)
  • Lot Size: 0.19 Acres (approx.)
  • Estimated Expenses: $12,700/Year (Utilities, Insurance, Taxes)

OVERVIEW

Property Overview Turnkey 5-unit multifamily property located in Danville, KY. Each unit is a 1-bedroom / 1-bathroom layout. The property has undergone recent renovations and offers strong in-place income with low owner expenses. Investment Highlights Price: $350,000 Cap Rate: ~8.71% (Based on Actuals) Gross Rent: $3,600/Month ($43,200/Year) Estimated Expenses: $12,700/Year (Utilities, Insurance, Taxes) Net Operating Income (NOI): $30,500/Year Building Size: ±3,872 SF (±1,936 SF per floor) Lot Size: 0.19 Acres (approx.) Unit Mix: 5 Units – All 1 Bed / 1 Bath Electric Meters: 4 (2 units share one meter) Owner-Paid Utilities: Water, Sewer, Trash, and 1 Electric Meter Recent Improvements New dimensional shingle roof New porcelain countertops Updated tile work, flooring, and interior/exterior paint New vinyl siding, gutters, and soffits Location Highlights Located in Danville, KY – a stable and growing Central Kentucky rental market Close proximity to schools, retail, downtown, and major thoroughfares Strong tenant demand and low vacancy market

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

5

PRICE/UNIT

$70,000

CAP RATE

8.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

?? 318 Harding St, Danville, KY 40422 MFH

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,987 SF

ZONING

Residential

APN/PARCEL ID

D01-005-023

ASK ABOUT THIS PROPERTY

Tanner GoodKYCBMore Info
859-339-8105

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

Tanner GoodKYCBMore Info
859-339-8105

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