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$ 980,000
14 Beds
8 Baths
7,040 SqFt
$ 980,000
14 Beds
8 Baths
7,040 SqFt
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,040 sqft
Price per Sqft $139
Subdivision Downtown
MLS Listing ID 26026048
Bedrooms 14
Full Baths 8
Year Built 1976
Lot Size 0.920 Acres
Acres 0.92
Property Sub-Type Apartment
Property Description
Rare opportunity to acquire an 8-unit multifamily property in the heart of downtown Danville, Kentucky generating $110,400 in annual 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 8 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 135 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
Zoning R
Interior
Heating Ductless, Electric
Cooling Ductless, Electric
Exterior
Parking Features On Site
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected
View Y/N N
Handicap Access No
Private Pool No
Schools
Elementary Schools Hogsett
Middle Schools Bate
High Schools Danville
Listed by Bluegrass Home Group