Property Overview: This is a rare opportunity to acquire a 30-unit townhome portfolio situated on a large 2.95-acre lot, priced well below replacement cost. The property consists of four residential buildings with spacious layouts, offering strong rental appeal. All units are 2-bedroom townhomes and the property is currently 100% occupied. There is an excellent opportunity to add more units with room for expansion on the oversized lot. Demand for well-located, large rental units in this area remains strong, enhancing the long-term value of this asset.
Location Benefits:
618 E Waverly St is located in Morganfield, KY — a quiet and established community with convenient access to daily essentials. Nearby retailers and services include:
Walmart Supercenter (3 min drive)
IGA Grocery Store (2 min drive)
CVS Pharmacy
Multiple schools, parks, and local restaurants
Easy access to U.S. Hwy 60 and KY-56