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Additional details

Wes Williams

williamseliterealtyky@gmail.com +1(606) 627-1764

$ 1,275,000

20 Beds

10 Baths

6,864 SqFt

Save

$ 1,275,000

Save

20 Beds

10 Baths

6,864 SqFt

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,864 sqft

Price per Sqft $185

Subdivision Downtown

MLS Listing ID 26026050

Bedrooms 20

Full Baths 10

Year Built 1976

Lot Size 0.920 Acres

Acres 0.92

Property Sub-Type Apartment

Property Description

Rare opportunity to acquire a 10-unit multifamily property at 135 E. Walnut Street in the heart of downtown Danville, Kentucky, generating $144,000 in annual rental income. This well-positioned apartment building combines a convenient central location with significant property improvements and on-site parking. The property has been substantially improved, including a new roof, updated HVAC systems, and updated units throughout, reducing near-term capital improvement needs while offering an attractive foundation for continued multifamily ownership. Residents benefit from a highly convenient location beside historic Constitution Square and just blocks from Danville's Main Street district, with easy access to downtown restaurants, shopping, services, and community attractions. Ephraim McDowell Regional Medical Center is approximately 0.2 mile away, while Centre College is just minutes away along the Walnut Street corridor. With 10 units, extensive improvements, on-site parking and a walkable downtown location, the property offers an attractive opportunity for an investor seeking a manageable multifamily asset in a desirable central Danville setting. May be purchased individually or together with the neighboring properties at 115 and 125 E. Walnut Street for a total 28-unit portfolio. For an expanded investment opportunity, the package may also include three additional Danville duplexes located on Aspen Drive, E. Cheryl Lane, and E. Erskine Drive, bringing the combined portfolio to 34 units.

Location

State KY

County Boyle

Interior

Heating Electric

Cooling Electric

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Other

Community Features Park

Utilities Available Cable Available, Phone Available, Sewer Connected, Water Connected

View Y/N N

Roof Type Shingle

Handicap Access No

Private Pool No

Schools

Elementary Schools Hogsett

Middle Schools Bate

High Schools Danville

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by Bluegrass Home Group

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(606) 627-1764

williamseliterealtyky@gmail.com

205 London Shopping Ctr, London, KY 40741-3016, USA

135 E Walnut Street Danville, KY 40422