Multifamily | 5 Units | $3,600/Month Gross Rent | Renovated
Multifamily | 5 Units | $57,800/unit
Marketing description
318 Harding St is a fully-occupied 5-unit multifamily property in Danville, KY, offering reliable cash flow and minimal deferred maintenance. Each unit is a 1 bed / 1 bath, separately metered for electric (4 meters total, 2 units share one). The owner covers water/sewer/trash and one electric meter, with estimated total landlord-paid expenses around $12,700 annually.
Recent capital improvements include:
New dimensional shingle roof
Porcelain countertops
New tile, flooring, paint (in/out)
Vinyl siding, gutters, and soffits
Located in a stable Central Kentucky rental market with long-term demand, this asset offers strong actual income and future upside potential.
Investment highlights
Investment Highlights:
$3,600/Month Gross Rent ($43,200 Annualized)
Estimated $400/Month Landlord Utilities = $4,800/Year
Insurance: $3,000/Year
Property Taxes (Estimated @ 1.4%): $4,900/Year
4 Electric Meters – 2 Units Share One
Landlord Pays: Water, Sewer, Trash, 1 Shared Electric
New Dimensional Shingle Roof
Recent Renovations: Porcelain Counters, Tile Work, Flooring, Paint, Vinyl Siding, Gutters, Soffits
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