102 & 104 Landon Drive, Irvington, KY 40146

$1,300,000
10,890
SqFt
List Price
$1,300,000
Status
ACTIVE
MLS#
10043975
Living Area
10,890
Lot Size (Acres)
2.5
Style
Apartment
Year Built
2005

Property Description

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.

Additional Information

Area
Breckinridge County
Heating
Electric Heat Pump
Cooling
Central Air
Roof
Composition
Water
City
Sewer
City

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of ALL ABOUT HOMES REALTY.