102 & 104 Landon Drive
IRVINGTON, KY 40146

$1,300,000

Description

Built in 2005, this attractive 24 unit Multi Family Apartment Complex (2 buildings) is fully updated and meticulously maintained. 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 new paint and carpet. The area is an excellent location, with new roads, close to shopping, 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.

Details

MLS#10043230
Sub-TypeResale
StatusActive
Year2005
Days On Site31

Features

SQ Feet10,890
Story(s)2

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Area Information

StateKY
CountyBRECKINRID
CityIRVINGTON
Zip Code40146
AreaBreckinridge County
Listing VS Median (in 40146)
Price:
$1,300,000
low | high
Med:
$137,450
100% of Average
SqFt:
10,890
low | high
Med:
1,086
100% of Average
$ / SqFt:
$119
low | high
Med:
$31
100% of Average
On Site:
31
low | high
Med:
50.500000
61.386138613861% of Average
Listing Updated: 05/23/2018
MLS Number: 10043230
Listing Provided By:
Scott Coppage  of  ALL ABOUT HOMES REALTY