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$ 3,200,000
52 Beds
28 Baths
21,724 SqFt
$ 3,200,000
52 Beds
28 Baths
21,724 SqFt
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 21,724 sqft
Price per Sqft $147
Subdivision Downtown
MLS Listing ID 26026063
Bedrooms 52
Full Baths 28
Year Built 1976
Lot Size 1.503 Acres
Acres 1.5
Property Sub-Type Apartment
Property Description
Rare opportunity to acquire a 28-unit multifamily portfolio consisting of three neighboring apartment buildings at 115, 125 & 135 E. Walnut Street in downtown Danville, Kentucky . This well-positioned portfolio combines a highly desirable central location with extensive property improvements and the convenience of on-site parking. The properties have been significantly improved, including new roofs, updated HVAC systems and updated units throughout, allowing a new owner to benefit from substantial capital improvements already completed while minimizing near-term renovation needs. The location is a standout. Situated beside historic Constitution Square and just blocks from Danville's Main Street district, residents have convenient access to downtown restaurants, shopping, services and community attractions. Ephraim McDowell Regional Medical Center is approximately 0.2 mile away, while Centre College is just minutes away along the Walnut Street corridor, placing the portfolio near two of Danville's major employment and educational anchors. With 28 units concentrated in one highly convenient location, the portfolio offers the efficiencies of larger-scale multifamily ownership along with strong accessibility and tenant appeal. The combination of updated units, major capital improvements, on-site parking and a walkable downtown location creates an attractive opportunity for investors seeking a stabilized multifamily asset in the heart of Danville. For buyers looking to expand the acquisition, additional Danville multifamily properties may also be available as add-on opportunities, including duplexes at 127-129 Aspen Drive, 134-136 E. Cheryl Lane and 155-157 E. Erskine Drive. These properties provide the option to increase unit count and further scale within the same market.
Location
State KY
County Boyle
Interior
Heating Electric
Cooling Ductless, Electric
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features On Site
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Schools
Elementary Schools Hogsett
Middle Schools Boyle Co
High Schools Danville
Listed by Bluegrass Home Group