For Sale
$545,000

904 Coldwater Rd Murray, KY 42071

Nine-unit apartment building near MSU

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Apartment building - Nine-unit apartment building near MSU
Where is the apartment building located?
The property is located at 904 Coldwater Rd Murray, KY.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: $545,000 asking price.; Nine-unit multifamily apartment building.; Two buildings on a 0.5-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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904 Coldwater Rd
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