For Sale
$545,000

904 Coldwater RdMurray, KY 42071

Nine-unit apartment building near MSU

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity awaits with this nine-unit apartment building located at 904 Coldwater Road, Murray, Kentucky, 42071. This property presents a compelling opportunity for investors seeking a strong return in a desirable location. The property consists of two buildings, each two stories high, situated on a half-acre lot (0.5 acres) with significant street frontage – 252 feet on Coldwater Road and 129 feet on Park Street. The convenient location offers close proximity to Murray State University, ensuring consistent tenant demand. The property features a mix of nine units, including five two-bedroom, one-bathroom units; two one-bedroom, one-bathroom units; and two studio units. The property is zoned B-2, providing flexibility for future development or expansion. The asking price for this multifamily investment is $545,000. This represents a rare chance to acquire a well-situated, established multifamily property in a thriving Kentucky market. The property's strong location and diverse unit mix make it an attractive investment for both seasoned and new investors. Serious inquiries are encouraged.

Highlights

  • $545,000 asking price.
  • Nine-unit multifamily apartment building.
  • Two buildings on a 0.5-acre lot.
  • B-2 zoning.
  • Located in Murray, KY, near Murray State University.

Property Details for 904 Coldwater Rd

Property type
Apartment buildings
Buildings
2
Stories
2
Lot Size (sq. ft)
21,780 SF
Units
9

Location Insight

City
Murray
County
Calloway
State
Kentucky
Latitude
36.61980245
Longitude
-88.32795049
904 Coldwater Rd, Murray, Kentucky

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904 Coldwater Rd
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