Sam Joseph
Listed by Sam Joseph
$3,650,000
18 unit complex 98% occupancy Highly sought-after area
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,391
Units 18
Cap Rate 6.44%
NOI $235,000
Occupancy 98%
Price per SqFt $273
Class B
Year Built 1981
Acreage 0.680
Investment Type Owner/User
Sale Condition For sale by owner
Low turn over, many long term tenants
Marketing description
Prime location with high occupancy. Easy to manage and turn key at closing.
Investment highlights
18 Unit Apartment Building
6.44% Cap
• Located near downtown Paducah, Riverstone Apartments is a short drive or walk to City
Hall, the library, The Carson Center, riverfront festivals, museums, art galleries, and a
variety of restaurants and dining options.
• The Riverstone Apartments offering includes a 17-unit apartment complex and a
2-bedroom home located next door.
• Roofs on the apartments building were replaced in 2021.
• All units include washers and dryers.
• A mix of stainless steel and black & white appliances, replaced as needed.
• Rent includes high-speed WiFi.
Listing Contacts
Sam Joseph
Listed by Sam Joseph
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$235,000.00
$19,583.33/mo
Valuation Metrics
0
DSCR
6.44%
Cap Rate
6.44%
ROI
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