For Sale
$1,040,000

15 Lincoln AveHenderson, KY 42420

16-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 16-unit apartment building presents a compelling investment opportunity in the desirable city of Henderson, Kentucky. Located at 15 N Lincoln Ave, this property boasts a prime location offering residents convenient access to local amenities and attractions while maintaining a peaceful, quiet atmosphere. Constructed in 1978, the single building sits on a sizable 0.67-acre lot. The property comprises a well-balanced mix of unit sizes, including twelve one-bedroom units and four two-bedroom units, catering to a diverse range of tenants. The asking price for this turnkey investment is $1,040,000. This represents a strong potential return on investment given the stable rental market in Henderson. The property's age provides an opportunity for future value appreciation through potential renovations or upgrades. The building's solid construction and established tenancy history contribute to its overall appeal. This multifamily property is an excellent addition to any investor's portfolio, offering a blend of immediate income generation and long-term growth potential. The property's location in Henderson County, Kentucky, with a zip code of 42420, ensures easy access to local services and transportation networks. This is a rare opportunity to acquire a well-maintained, income-producing apartment building in a thriving Kentucky community. Serious inquiries are encouraged.

Highlights

  • $1,040,000 asking price.
  • 16-unit multifamily apartment building.
  • Located at 15 N Lincoln Ave, Henderson, KY 42420.
  • Built in 1978.
  • Features 12 one-bedroom and 4 two-bedroom units.
  • Sits on a 0.67-acre lot.

Property Details for 15 Lincoln Ave

Property type
Apartment buildings
Year Built
1978
Buildings
1
Lot Size (sq. ft)
29,185 SF
Units
16

Location Insight

City
Henderson
County
Henderson
State
Kentucky
Latitude
37.8276703
Longitude
-87.5710848
15 Lincoln Ave, Henderson, Kentucky

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15 Lincoln Ave
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