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River Stone Apartments 430 Adams St 19 Unit Apartment Building $3,650,000 ($192,105/Unit) 6.50% Cap Rate Paducah, KY 42003
Executive Summary
Prime location with high occupancy. Easy to manage and turn key at closing.
Property Facts
| Price | $3,650,000 | Building Class | B |
| Price Per Unit | $192,105 | Lot Size | 0.68 AC |
| Sale Type | Investment | Building Size | 13,391 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1981/2006 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B-3 | ||
| Price | $3,650,000 |
| Price Per Unit | $192,105 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.68 AC |
| Building Size | 13,391 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2006 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | B-3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Handrails
Site Amenities
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $1,400 | 700 - 701 |
| 3+1.5 | 1 | $2,300 | 1,500 |
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Fairly walkable
40/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 112-32-02-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $540,500 |
Property Taxes
Parcel Number
112-32-02-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$540,500
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Contact the Sale Advisor
River Stone Apartments | 430 Adams St