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Lakewood Rentals
Great Investment Opportunity 95% Occupancy Year-Round
Listing Contacts
License: KY 265585
Active
Asking Price: $1,200,000
Earnest Money Deposit: 5% min.
Address
US 421 South Main Street,, McKee, KY 40447
Show on MapDate Added
Sep 10, 2023
Days on Market
559 days
Time Since Last Update
6 days
Details
Property TypeMixed Use, Multifamily, Office, Retail, Self Storage
SubtypeTraditional Office
Investment Sub TypeRental Properties
ClassB
TenancyMulti
Number of Tenants41
Square Footage740,520
Price/Sq Ft$1.62
Cap Rate9.87%
Occupancy98%
NOI$94,000
Units43
Year Built9999
Year Renovated2022/2024
Buildings19
Stories2
ZoningResidential
Lot Size (acres)20.539
Parking (per unit)22
OwnershipLakewood Rentals
Marketing Description
Are you looking for a working investment? This property is 98% occupied. The rental business consists of 1 framed house that is approximately 750 square feet; a brick house is approximately 1200 square feet, a flower shop with approximstely1560 square feet plus 2 second floor apartments that total approximately 1560 square feet, 8 manufactured homes, 28 storage buildings and 1 Professional Office Building that is 5000 square feet. The size of the storage buildings are: 6 - 12x24; 20 - 10x10; 1 - 12x30 and 1 - 12x38. NOTE: the square footage and acres are based on PVA records. This is a family owned and managed business.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,000.00
$7,833.33/mo
Valuation Metrics
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0
DSCR
7.83%
Cap Rate
7.83%
ROI
Property History
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Due Diligence
Listing Contacts
- License: KY 265585
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