Investment Property - 12 Units - Townhouse Apartments - Elizabethtown

By
Real Estate Broker/Owner with Woodstone Realty ~ Your Link To Home in Louisville, KY

Multifamily Property For Sale

Fountaine Apartments

235 West Poplar Street, Elizabethtown, KY 42701


  • Price:
    $655,000
  • No. Units:
    12
  • Building Size:
    11,834 SF
  • Price/Unit:
    $54,583.33
  • Property Type:
    Multifamily
  • Property Sub-type:
    Garden/Low-Rise
  • Property Use Type:
    Investment
  • Commission Split:
    3%
  • Cap Rate:
    8.50%
  • Occupancy:
    100%
  • Lot Size:
    0.73 AC
  • Find Out More...
Last Updated  1 day agoListing ID  18259647Is this listing inaccurate? 

Description

Great investment opportunity. Well kept 12 unit townhouse type units close to downtown Elizabethtown and close to Fort Knox. Building has been well maintained and has new windows in most of the units, separate meters for all utilities which are paid by the tenants, owner only pays for trash removal. Each unit has two separate entrances and laundry facilities.Great cash on cash return. Vacancy rate is historically less than 5%.

65 south to exit 94, go right to West Poplar Street and turn right on Henry Street to property

Financial Summary

  • Actual
  • Net Operating Income
    $55,675

Contact Listing Broker to find out more details.

 

502-498-9699 - Tommy Johns

502-419-3186 - Tom Johns

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