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?? 318 Harding St, Danville, KY 40422 MFH 318 Harding St 5 Unit Apartment Building $350,000 ($70,000/Unit) 8.71% Cap Rate Danville, KY 40422
INVESTMENT HIGHLIGHTS
- Building Size: ±3,872 SF (±1,936 SF per floor)
- Estimated Expenses: $12,700/Year (Utilities, Insurance, Taxes)
- Lot Size: 0.19 Acres (approx.)
EXECUTIVE SUMMARY
Property Overview
Turnkey 5-unit multifamily property located in Danville, KY. Each unit is a 1-bedroom / 1-bathroom layout. The property has undergone recent renovations and offers strong in-place income with low owner expenses.
Investment Highlights
Price: $350,000
Cap Rate: ~8.71% (Based on Actuals)
Gross Rent: $3,600/Month ($43,200/Year)
Estimated Expenses: $12,700/Year (Utilities, Insurance, Taxes)
Net Operating Income (NOI): $30,500/Year
Building Size: ±3,872 SF (±1,936 SF per floor)
Lot Size: 0.19 Acres (approx.)
Unit Mix: 5 Units – All 1 Bed / 1 Bath
Electric Meters: 4 (2 units share one meter)
Owner-Paid Utilities: Water, Sewer, Trash, and 1 Electric Meter
Recent Improvements
New dimensional shingle roof
New porcelain countertops
Updated tile work, flooring, and interior/exterior paint
New vinyl siding, gutters, and soffits
Location Highlights
Located in Danville, KY – a stable and growing Central Kentucky rental market
Close proximity to schools, retail, downtown, and major thoroughfares
Strong tenant demand and low vacancy market
Turnkey 5-unit multifamily property located in Danville, KY. Each unit is a 1-bedroom / 1-bathroom layout. The property has undergone recent renovations and offers strong in-place income with low owner expenses.
Investment Highlights
Price: $350,000
Cap Rate: ~8.71% (Based on Actuals)
Gross Rent: $3,600/Month ($43,200/Year)
Estimated Expenses: $12,700/Year (Utilities, Insurance, Taxes)
Net Operating Income (NOI): $30,500/Year
Building Size: ±3,872 SF (±1,936 SF per floor)
Lot Size: 0.19 Acres (approx.)
Unit Mix: 5 Units – All 1 Bed / 1 Bath
Electric Meters: 4 (2 units share one meter)
Owner-Paid Utilities: Water, Sewer, Trash, and 1 Electric Meter
Recent Improvements
New dimensional shingle roof
New porcelain countertops
Updated tile work, flooring, and interior/exterior paint
New vinyl siding, gutters, and soffits
Location Highlights
Located in Danville, KY – a stable and growing Central Kentucky rental market
Close proximity to schools, retail, downtown, and major thoroughfares
Strong tenant demand and low vacancy market
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $70,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 8.71% | Building Size | 3,023 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1936/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Residential | ||
| Price | $350,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 8.71% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,023 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1936/2025 |
| Opportunity Zone |
Yes |
| Zoning | Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $700.00 | 774 |
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