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Christina Lanning

tnky@sellhomeswithchristina.com +1(910) 545-1442

$ 279,000

2 Beds

1 Bath

4,520 SqFt

Save

$ 279,000

Save

2 Beds

1 Bath

4,520 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 4,520 sqft

Price per Sqft $61

Subdivision Rural

MLS Listing ID 26021147

Bedrooms 2

Full Baths 1

Year Built 1979

Lot Size 1.810 Acres

Acres 1.81

Property Sub-Type Apartment

Property Description

Excellent investment opportunity with immediate cash flow! This well-maintained 5-unit apartment building is conveniently located just outside the city limits in Wayne County, offering the perfect combination of country living and investment potential. Each unit features 2 bedrooms, 1 bathroom, and washer and dryer hookups. Four of the five units have been tastefully remodeled within the last two years, providing updated finishes that appeal to tenants. Four apartments offer approximately 800 square feet of living space, while the fifth unit features approximately 1,200 square feet. Situated on a generous 1.8+/- acre unrestricted lot, the property offers ample room for future expansion or additional income-producing opportunities. The apartments are currently 100% occupied and generate $2,950 per month in rental income, making this a turnkey investment with established cash flow from day one. Whether you're looking to grow your investment portfolio or own a property with future development potential, this is an opportunity you won't want to miss. Proof of funds or pre approval letter will be required for interior showings. Call today for additional information.

Location

State KY

County Wayne

Interior

Heating Baseboard, Electric, Heat Pump

Cooling Central Air, Window Unit(s)

Exterior

View Y/N N

Roof Type Metal

Handicap Access No

Private Pool No

Schools

Elementary Schools Wayne Co

Middle Schools Wayne Co

High Schools Wayne Co

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by No Wake Real Estate

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(910) 545-1442

tnky@sellhomeswithchristina.com

9041 Executive Park Dr. Ste 250 Knoxville, TN 37923, USA

Learn More About LPT Realty

52 Greenside Drive Monticello, KY 42633