For Sale
$450,000

4975 Us-62Kuttawa, KY 42055

Lake Barkley area multifamily investment. 100% occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
117
Exceptional investment opportunity: Poplar Creek Lodge, a 10-unit apartment building situated on a 1.03-acre lot in Kuttawa, Kentucky (42055), is currently offered for $450,000. This Class C multifamily property boasts 100% occupancy with tenants holding six-month or twelve-month leases. Each unit commands a price of $45,000. Currently configured as efficiency apartments used for long-term rentals, the property presents significant upside potential. An unfinished living quarters and office space offer the possibility of expanding to 12 units. The property's location near Lake Barkley provides strong rental demand. With proper permitting, the property could be converted back into a motel. Note that a 48-hour notice is required to access all occupied units. The property's address is 4975 US-62, Lyon County, Kentucky.

Highlights

  • $450,000 asking price for a 10-unit apartment building.
  • 100% occupancy with ten units.
  • Located in Kuttawa, KY, on a 1.03-acre lot.
  • $45,000 per unit price.
  • Class C multifamily property, currently used for long-term rentals, with potential for short-term rentals or conversion to 12 units.

Property Details for 4975 Us-62

Property type
Apartment buildings
Class
C
Lot Size (sq. ft)
44,867 SF
Units
10

Location Insight

City
Kuttawa
County
Lyon
State
Kentucky
Latitude
37.0491083
Longitude
-88.1624328
4975 Us-62, Kuttawa, Kentucky

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4975 Us-62
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