Property Overview:
Offered is a 30-unit townhome portfolio located on a 2.95-acre site in Morganfield, KY. The property consists of four residential buildings, all featuring 2-bedroom townhome units with functional layouts and strong historical occupancy. The asset is currently 100% occupied and offered at a basis below estimated replacement cost, providing downside protection and long-term value.
The property’s low-density configuration and spacious site layout support tenant retention, operational efficiency, and long-term ownership appeal.
Investment Highlights:
30 total units (all 2BR townhomes)
100% occupied
Below replacement cost basis
Low-density site with ample spacing
Limited competing supply of similar product in the submarket
Location Overview:
Located at 618 E Waverly St in Morganfield, KY, the property benefits from proximity to essential retail, schools, and regional transportation corridors, including U.S. Hwy 60 and KY-56. These factors support consistent rental demand and ease of access for residents.