918-920 E Main St - Apartments FOR SALE


Danville, KY 40422
$899,900 USD
859-339-8105
918-920 E Main St, Danville, KY for Sale
$899,900 USD
Apartments - FOR SALE
1/21
null | 6.9% Cap Rate

918-920 E Main St
Danville, KY 40422


HIGHLIGHTS

  • Individually Metered / Fully Electric
  • Washer/Dryer Hookups in Every Unit
  • Private Back Patios & Dining Space
  • Low Maintenance Brick Construction

OVERVIEW

Two Brick Fourplexes | 8 Total Units – Danville, KY Excellent opportunity to acquire a turnkey 8-unit multifamily investment located on East Main Street in Danville, KY. The offering includes two all-brick fourplexes, each comprised of (4) 2-bedroom, 1-bath units with central HVAC, washer/dryer hookups, and individual electric meters. Units are well-maintained, with strong historical occupancy and immediate rental upside. Current occupancy is 75% (6 of 8 units occupied) with a rent roll potential of $7,600+/month, offering a cap rate of approximately 6.9%. Two vacant units are ready for lease or owner placement. The property features newer roofs, paved parking, and private back patios for each unit, plus common entries and designated dining space within each floorplan. Highlights Two Brick Fourplexes | 8 Total Units All 2 Bedroom / 1 Bath Units Individually Metered / Fully Electric Washer/Dryer Hookups in Every Unit Private Back Patios & Dining Space Newer Roofs and Freshly Paved Parking Areas Low Maintenance Brick Construction Strong Historic Occupancy (Typically 100%) Currently 75% Occupied – Two Vacancies Cap Rate: Approx. 6.9% Pro Forma Monthly Rent Potential: $7,600+ No Owner Financing Offered Proof of Funds Required for Showings T12s and Rent Rolls Available During Due Diligence Location The property sits on a high-visibility section of East Main Street in Danville, KY, within minutes of Centre College, Ephraim McDowell Regional Medical Center, and the Central KY business corridor. The area continues to see strong rental demand, particularly for 2-bedroom housing, and is well-positioned for long-term investor stability and growth. Offering Summary Price: $899,900 Units: 8 (Two Fourplexes) Cap Rate: Approx. 6.9% Gross Potential Rent: $91,200/year ($7,600/month) Occupancy: 75% (6 of 8 units occupied) Property Type: Multifamily – Fourplex (x2) Zoning: R-3 (Multifamily Residential) Lot Size: 0.77 Acres (Combined – 918 & 920 East Main St.) Year Built: 1985 (With Newer Roofs and Paved Parking)

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$118 USD /SF

# OF UNITS

8

PRICE/UNIT

$112,488

CAP RATE

6.9%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

RM3

APN/PARCEL ID

D10-001-022

ASK ABOUT THIS PROPERTY

Tanner GoodKYCBMore Info
859-339-8105

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Tanner GoodKYCBMore Info
859-339-8105

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