270-993-9198
5704 Old Highway 54, Philpot, KY for Sale
Multi-Family - FOR SALE
1/17
null | Request Cap Rate

5704 Old Highway 54
Philpot, KY 42366


HIGHLIGHTS

  • 12 units (mix: 8×2BR / 4×1BR) — value-add reposition
  • Primary building 9,030 SF, 2 stories, 1980 construction (brick)
  • Two adjacent parcels included
  • Combined land area approx. ±2.08 AC across 3 parcels
  • Parking re-striping near the building per fire/ROW turnaround guidance (scope/timing to be confirmed)
  • Private/onsite sewer; seller open to reasonable easements/solutions with parcel splits

OVERVIEW

12-unit value-add apartment asset at 5704 Old Hwy 54 with two adjacent parcels included (±2.08 AC total), offered individually as part of the Hines Portfolio. Positioned along Old Hwy 54, this 12-unit multifamily opportunity pairs a manageable scale with embedded land value across two adjacent parcels (for a combined ±2.08 AC). The primary building (circa 1980, 9,030 SF, brick) carries a mix of 8 two-bedroom and 4 one-bedroom units, ideal for a value-add reposition toward market rents. Parking is on-site; targeted re-striping adjacent to the building is planned to satisfy fire/ROW turnaround requirements. As part of the broader Hines Portfolio, the seller will consider cross-access and utility easements in connection with parcel splits. Property is served by private/onsite sewer; easement or alternative solutions are feasible subject to approvals. Full diligence is available via NDA. Remarks / Disclosures: - Included Parcels: 089-00-00-015-01-000 (5704 Old Hwy 54), 089-00-00-017-00-000 (Old Hwy 54, ±0.28 AC), 089-00-00-018-00-000 (5740 Old Hwy 54, ±0.75 AC with ±1,200 SF metal building). - Re-striping: targeted adjustments adjacent to apartments per fire/ROW; scope/timing/responsible party to be confirmed. - Sewer: Private/onsite; easements/alternatives considered with parcel splits. - Portfolio: Part of the Hines Portfolio — see master listing for map & additional assets.

FOR SALE DETAILS

PRICE

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# OF UNITS

12

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hines Portfolio — 12-Unit Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

089-00-00-015-01-000

ASK ABOUT THIS PROPERTY

Scott HigdonGulfstream Commercial Services LLCMore Info
270-993-9198

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Scott HigdonGulfstream Commercial Services LLCMore Info
270-993-9198

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