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751 Hunt St 4 Unit Apartment Building $990,000 ($247,500/Unit) Ashland, KY 41101
Executive Summary
Presenting an exceptional investment and development opportunity in Ashland, Kentucky. Situated on 7.81 acres, this property features awell-maintained four-plex consisting of 2(2-bedroom 1-bath units) and 2 (3-bedroom 1.5 bath units). The upper-level units offer generousspace and a desirable townhouse-style layout, adding to the appeal for renters seeking comfort and functionality. Beyond the existingrental income potential, this property is primed for large-scale multifamily development. The City of Ashland has already approvedconstruction for up to 108 units, making this an ideal project site for developers looking to expand their portfolio in a growing market. KeyHighlights: Four-Plex Structure: (4) two-bedroom / one-bath units Townhouse-Style Upper Units: Spacious, multi-level layout 7.81Acres: Excellent for additional multifamily development Development Ready: City-approved for 108 units Infrastructure in Place: Utilitiesavailable on-site Convenient Access: Blacktop road runs throughout the property This property offers a rare combination of currentincome, future development potential, and city-backed approval—making it a standout opportunity in the Ashland area.
Property Facts
| Price | $990,000 | Building Class | C |
| Price Per Unit | $247,500 | Lot Size | 7.45 AC |
| Sale Type | Investment | Building Size | 4,760 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1995 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $990,000 |
| Price Per Unit | $247,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 7.45 AC |
| Building Size | 4,760 SF |
| No. Stories | 2 |
| Year Built | 1995 |
| Parking Ratio | 1.47/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Property Taxes
| Parcel Number | 039-06-00-003.00 | Improvements Assessment | $400,000 |
| Land Assessment | $80,000 | Total Assessment | $480,000 |
Property Taxes
Parcel Number
039-06-00-003.00
Land Assessment
$80,000
Improvements Assessment
$400,000
Total Assessment
$480,000
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Prime Realty
751 Hunt St
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