Log In/Sign Up
Your email has been sent.
Shenandoah Townhomes 242 Shenandoah Pl 20 Unit Apartment Building For Sale Henderson, KY 42420
Investment Highlights
- Brick Construction Built in 1973
- Nicest Unit Interiors in the Henderson, KY Market, Positioning the Asset at the Top of the Competitive Set
- Conveniently Located Just 15–20 Minutes (Approximately 11 Miles) from Evansville, Indiana
- Approximately $600,000 Invested in Recent Capital Expenditures Across the Property
- Desirable Unit Mix Comprised Primarily of 2 Bed / 1.5 Bath Units with Additional 3 Bedroom Units
- Located Minutes from Major Henderson Retail Corridors Including Walmart Supercenter, Lowe’s, Target, and Downtown Henderson Retail & Dining
Executive Summary
Shenandoah Townhomes is a 20-unit turnkey multifamily community in Henderson featuring spacious townhome-style floorplans and approximately $600,000 in recent and ongoing capital improvements. Built in 1973 with durable brick construction, the property has undergone extensive upgrades including new roofs, renovated kitchens with granite countertops and new cabinetry, updated flooring, modern fixtures, and renovated interiors throughout. Additional improvements currently in progress are expected to be completed prior to closing, minimizing near-term capital needs for new ownership.
The property features primarily 2-bedroom, 1.5-bath units averaging approximately 1,205 square feet and currently achieves average rents of approximately $1,160 per unit. Positioned at the top of the Henderson apartment market with luxury-level finishes and oversized unit layouts, Shenandoah Townhomes also benefits from convenient access to major employers, retail centers, and the broader Evansville employment base just 15–20 minutes away.
The property features primarily 2-bedroom, 1.5-bath units averaging approximately 1,205 square feet and currently achieves average rents of approximately $1,160 per unit. Positioned at the top of the Henderson apartment market with luxury-level finishes and oversized unit layouts, Shenandoah Townhomes also benefits from convenient access to major employers, retail centers, and the broader Evansville employment base just 15–20 minutes away.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 20 | Lot Size | 1.45 AC |
| Property Type | Multifamily | Building Size | 26,700 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 26,700 SF |
| No. Stories | 2 |
| Year Built | 1973 |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 17 | - | 1,100 - 1,300 |
| 3+1.5 | 1 | - | 1,200 |
| 1+1 | 1 | - | 1,000 |
| 3+2 | 1 | - | 1,400 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $905,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$905,000
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Shenandoah Townhomes | 242 Shenandoah Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.