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502 N 5th St 1 Unit Apartment Building $869,000 ($869,000/Unit) Paducah, KY 42001
INVESTMENT HIGHLIGHTS
- Newly remodeled, expansive nearly 8,000 sq ft home in Paducah's historic Lowertown Arts District, Walking distance to many downtown restaurants/shops.
- Elevator. Billiard room with secret door.
- Multiple stylish sitting rooms providing comfort, peace and relaxation. Stunning gardens.
- 6 generous ensuite bedrooms with mini fridge and coffee maker. Beautiful kitchen with solid white oak cabinets and granite countertops.
- Large meeting room/event space - 100 Person Capacity. 2 fireplaces. 4 car detached garage.
- Sleek website with easy online booking through Logify via travel sites Expedia.com, Hotels.com, Booking.com
EXECUTIVE SUMMARY
A breathtakingly unique and luxurious building in Paducah's charming LowerTown Arts District-just minutes from local attractions such as our vibrant historic downtown and riverfront! Built in 2008 and fully renovated in 2019, the property boasts six beautifully appointed en-suite bedrooms, modern kitchen, fitness room, secret billiards room, elevator, multiple sitting rooms, a tranquil garden, 4 car detached garage and MORE. Currently home to the successful BnB, The Respite, it also includes a large events room with a capacity to accommodate up to 100 guests. The property represents a compelling opportunity to own a well-established and profitable business in Paducah's thriving tourism sector!
PROPERTY FACTS
| Price | $869,000 | Building Class | C |
| Price Per Unit | $869,000 | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 7,692 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $869,000 |
| Price Per Unit | $869,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 7,692 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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502 N 5th St
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