Very Attractive 24 unit Multi Family Apartment Complex (2 buildings) fully updated and meticulously maintained built in 2005 is a terrific investment opportunity with 2018 & 2019 pro forma cap rates reaching 7.8 to 8.2 % and cash flows exceeding $100K. Located in the heart of Irvington Kentucky with clear visibility to the busy US 60 with over 3000 cars per day traffic flow. Currently at 100% occupancy all units feature 2 bedroom, 1 bath, with balcony or patio, tile, well maintained landscaping, newly remodeled with newer paint and carpet. The area is an excellent location, with new roads, close to shopping, and a new elementary school next door and parks. A Great Small Town atmosphere with Beautiful Country Views and rapid growth, only about 22 mins to Fort Knox. Pro Forma Net Operating Income (NOI) projected well in access of $100,000 per year cash flow with Cap Rates of 8 to 10 %. All units offer Dishwasher, Electric Range, Refrigerator and Washer & Dryer, lots of parking and city sewer. Tenants pay all their own utilities except garbage. P&L available upon request.
Listing courtesy of ALL ABOUT HOMES REALTY.