441 E Main St - Apartments FOR SALE


Hazard, KY 41701
$250,000 USD
859-269-8890
441 E Main St, Hazard, KY for Sale
$250,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

441 E Main St
Hazard, KY 41701


HIGHLIGHTS

  • 31,833 SF Mixed Use Development on Main Street in downtown Hazard, KY
  • 14 residential units and 4 commercial units
  • Lots of potential upside with building renovations realizing higher occupancy and rental income
  • Sold AS-IS, WHERE-IS

OVERVIEW

Offers due by September 11, 2024 at 5PM EST. The subject property is a two story, 31,833 SF mixed use development in Hazard, Kentucky. The offering is comprised of 2 buildings with 14 residential units and 4 commercial, situated on approximately 1.41 acres. The property is being sold as-is, where-is. This is a great opportunity for an owner investors or contractor looking to occupy part of the space and lease out the rest. This property is in receivership and is subject to Order(s) entered in that certain civil action Case No. 24-CI-00015. Receiver is seeking to sell the property the terms and conditions thereof are subject to prior Court approval. Any purchaser expressly understands, acknowledges and agrees that any conveyance of the property shall be made by the Receiver to any purchaser on an ''as is, where is'' basis, and ''with all faults,'' and such purchaser acknowledges that purchaser has agreed to buy the property in its present condition and that purchaser is relying solely on its own examination and inspections of the Property. Per applicable laws and regulations, the Receiver, Mark Rubin, is also a licensed Broker for Urban Groupe, the listing company for the Property

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$8 USD /SF

# OF UNITS

14

PRICE/UNIT

$17,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,716 SF

ZONING

-

APN/PARCEL ID

102-31-02-007.00

ASK ABOUT THIS PROPERTY

Mark RubinUrban GroupeMore Info
859-269-8890

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

Mark RubinUrban GroupeMore Info
859-269-8890

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