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Browse More Listings in Multifamily For Sale, Madisonville, KY or Kentucky

Multifamily Property For Sale

Hidden Hills

401 Allison, Madisonville, KY 42431

Price:
$1,950,000
No. Units:
78
Building Size:
70,000 SF
Price/Unit:
$25,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Multifamily (land)
Property Use Type:
Investment
Occupancy:
96%
No. Stories:
2
Year Built:
1980
Lot Size:
15 AC
Parking Ratio:
80 / 1,000 SF
Find Out More...

Last Verified 11/10/2009 Listing ID 14491921

Highlights

Great Investment Property
Room to Grow
Privacy

Low Maintenance
Well-Maintained
High Occupancy

Description

Complex that consists of 3 12-plexes of 2 bedroom apartments, 2 12-plexes of 1 bedroom apartments, 6 sets of 3-plex townhouses. (total=78 units). Included is undeveloped land that is zoned multi-family (12 lots for townhouses, 2 lots for 12-plexes). 1 Bedrooms rents for $300, 2 bedrooms for $375, and townhouses for $450. (per month). All units have their own water and electric meters. Tenants pay their own utilities. All have stoves, refrigerators and dishwashers. All but the 1 bedrooms have washer/dryer hookups. 12-plexes are all brick. All units have been well-maintained. Property is almost completely fenced in. The complex has an on site managing office that contains an office, laundry mat, a 2 BR apartment, storage for maintainence supplies and equipment. New roofs installed(2009).

Located in Madisonville, Kentucky, 42431. Road entering complex is Allison and is city-maintained. Other road is Conner Court which is also city-maintained. Both roads were repaved in the summer of 2005.

Attachments

Enhanced Listing Web Site

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Year
2006
Scheduled Gross Income
$339,000
Effective Gross Income
$332,245
Net Operating Income
$276,771

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
1 bedroom 1 bath CH/A, appliances	24	$300	550
2 bedroom 1 bath CH/A, appliances	36	$375	650
2 bedroom 2 bath CH/A, appliances	18	$450	1,000

Map of 401 Allison, Madisonville, KY 42431 (Hopkins County)

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Presented by

MADISONVILLE RENTALS

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Contact Listing Broker

will mashburn (270) 871-9250

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Created 2/6/2006

Additional Information for 401 Allison Avenue, Madisonville, KY 42431

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Hidden Hills

401 Allison, Madisonville, KY, 42431