Listed by Friedman Real Estate
$550,000
Hazard Apartments
Details
APN 086-20 04 005.00
Property Type Multifamily
Sub Type Apartment Building
Units 6
Cap Rate 10.20%
NOI $56,510
Occupancy 100%
Class C
Zoning R-2; Residential District
Bite-Sized 6-Unit Apartment Deal!
Marketing description
Hazard Apartments presents a unique investment opportunity with an asking price to be determined by the market, allowing for competitive offers. The property generates a net operating income of approximately $54,000, providing immediate cash flow for investors. With its strong 100% occupancy rate and history of high renter demand, this property offers a stable and lucrative investment. Buyers will benefit from the turnkey nature of the asset, with consistent updates and improvements already in place, as well as the potential for value-add through rental increases.
Investment highlights
- 6-Unit apartment building situated in the heart of Hazard, KY with an attractive unit mix to accommodate single renters and families
- Located in the bustling commerce center of the region, offering access to essential amenities, entertainment, employment, and roadways
- Building has been continuously maintained and updated
- Currently fully occupied, the property boasts a strong historical occupancy showcasing the properties viability and market demand
- NOI ±$56,510 at ±100% occupancy
Listing Contacts
Listed by Friedman Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,510.00
$4,709.17/mo
Valuation Metrics
0
DSCR
10.27%
Cap Rate
10.27%
ROI
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Property History
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