Duplex; 2488 sq ft off Cumberland Gap Parkway
Multifamily | 2 Units | $97,500/unit
Marketing description
Discover a remarkable investment opportunity in Barbourville, Kentucky, with the chance to acquire not just one, but two duplexes simultaneously!
The first duplex, built in 2003, boasts two stories with each unit featuring three spacious bedrooms and two baths, complemented by a one-car garage per unit. Spanning a generous 2,448 square feet, this property is currently priced below market value, reflecting below-market rent and the potential for updates. Savvy investors will find this an ideal opportunity to enhance rental income by modernizing the units to meet current market standards, thereby significantly increasing both appeal and profitability. UNIT 2 is vacant now; Unit 1 Will BECOME VACANT 4/1/2026; UNIT 1 is MONTH TO MONTH
It is conveniently located off the Cumberland Gap Parkway, just 20 miles from the scenic Pine Mountain State Resort Park and 26 miles from the historic Cumberland Gap National Historical Park. This prime location attracts both long-term tenants and short-term travelers, appealing to those drawn by the area's stunning natural beauty and rich history.
Seize this investment opportunity—schedule a showing today to explore the incredible potential that awaits you in Barbourville!
Investment highlights
Investment Highlights:
-May be purchased separately. 390 Noeville Hollow UNIT 2 Will BECOME VACANT 1/12/2026; UNIT 1 is MONTH TO MONTH;
- Below-Market Pricing: Both duplexes are listed under market value, presenting a unique opportunity for investors to acquire properties with immediate potential for appreciation.
- Renovation Opportunity: With current rents below market standards, there is a significant opportunity to renovate and upgrade both units, potentially doubling the net operating income (NOI) as they are brought in line with prevailing rental rates.
- Prime Location: Situated right off the busy Cumberland Gap Parkway, these duplexes benefit from high visibility and easy access, making them attractive to both long-term tenants and short-term visitors.
- Proximity to Attractions: Located near stunning state and national parks, including the Pine Mountain State Resort Park and Cumberland Gap National Historical Park, these properties are perfectly positioned to capitalize on the area's natural beauty and recreational opportunities.
- Spacious Land: Sits on a generous 0.3 acre of land, providing ample outdoor space and potential for further development or enhancements.
- One-Car Garages & Ample Parking: Each unit includes a one-car garage, with additional parking available, catering to the needs of tenants and enhancing the property's appeal.
- Rural Charm with Investment Potential: Nestled in a serene rural setting, these duplexes offer a perfect balance of tranquility and accessibility, making them an appealing investment for those seeking to tap into the growing demand for rental properties in desirable locations.
-Selling As Is
Take advantage of this exceptional investment opportunity to enhance your portfolio with these strategically located duplex!
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