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101 Longview Dr 52 Unit Apartment Building $3,350,000 ($64,423/Unit) Russellville, KY 42276
Investment Highlights
- Fully occupied 52-unit complex generating strong annual income
- Solid unit mix appealing to a wide range of renters.
- Strong investment metrics aligned with the 1% rule.
- Convenient setting near US-68/80 and North Main Street activity.
- Well-maintained property with stable historic performance.
Executive Summary
This fully occupied 52-unit apartment complex in Russellville, Kentucky presents an appealing investment opportunity supported by consistent cash flow and strong regional rental demand. Positioned just off US-68/80, the property benefits from excellent accessibility, contributing to ongoing tenant stability and operational ease. The unit mix of one- and two-bedroom apartments appeals to a broad renter base, while the property’s well-maintained condition and reliable income stream enhance its long-term investment profile. With gross annual income reported at $406,200 and full occupancy, this asset offers investors both immediate returns and future upside within a growing regional market.
Property Facts
| Price | $3,350,000 | Building Class | C |
| Price Per Unit | $64,423 | Lot Size | 3.00 AC |
| Sale Type | Investment | Building Size | 33,806 SF |
| No. Units | 52 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1980 |
| Apartment Style | Garden | ||
| Zoning | C - Commercial - Land Use Motel | ||
| Price | $3,350,000 |
| Price Per Unit | $64,423 |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 33,806 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | C - Commercial - Land Use Motel |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | - |
| 2+2 | 27 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,225,000 | |
| Land Assessment | $215,000 | Total Assessment | $3,440,000 |
Property Taxes
Parcel Numbers
Land Assessment
$215,000
Improvements Assessment
$3,225,000
Total Assessment
$3,440,000
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101 Longview Dr
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