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$ 1,275,000
20 Beds
10 Baths
6,864 SqFt
$ 1,275,000
20 Beds
10 Baths
6,864 SqFt
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,864 sqft
Price per Sqft $185
Subdivision Downtown
MLS Listing ID 26026050
Bedrooms 20
Full Baths 10
Year Built 1976
Lot Size 0.920 Acres
Acres 0.92
Property Sub-Type Apartment
Property Description
Rare opportunity to acquire a 10-unit multifamily property at 135 E. Walnut Street in the heart of downtown Danville, Kentucky, generating $144,000 in annual rental income. This well-positioned apartment building combines a convenient central location with significant property improvements and on-site parking. The property has been substantially improved, including a new roof, updated HVAC systems, and updated units throughout, reducing near-term capital improvement needs while offering an attractive foundation for continued multifamily ownership. Residents benefit from a highly convenient location beside historic Constitution Square and just blocks from Danville's Main Street district, with easy 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. With 10 units, extensive improvements, on-site parking and a walkable downtown location, the property offers an attractive opportunity for an investor seeking a manageable multifamily asset in a desirable central Danville setting. May be purchased individually or together with the neighboring properties at 115 and 125 E. Walnut Street for a total 28-unit portfolio. For an expanded investment opportunity, the package may also include three additional Danville duplexes located on Aspen Drive, E. Cheryl Lane, and E. Erskine Drive, bringing the combined portfolio to 34 units.
Location
State KY
County Boyle
Interior
Heating Electric
Cooling Electric
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Other
Community Features Park
Utilities Available Cable Available, Phone Available, Sewer Connected, Water Connected
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Schools
Elementary Schools Hogsett
Middle Schools Bate
High Schools Danville
Listed by Bluegrass Home Group