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126 William And Mary CtHenderson, KY 42420

16-Unit Apartment Complex, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 16-unit apartment building presents a compelling value-add opportunity in Henderson, Kentucky. The property comprises nine buildings totaling 24,106 net rentable square feet, constructed in 1998 and classified as Class B. The portfolio includes eight duplexes, offering an average unit size exceeding 1,507 square feet, with 15 of the 16 units featuring two or three bedrooms. Currently self-managed, the property offers significant upside potential through professional management implementation and interior renovations. Renovation opportunities include updating countertops, flooring, cabinets, lighting, and fixtures to increase rental income. The property benefits from its strategic location, providing convenient access to major Henderson employers such as Tyson Foods, Gibbs Die Casting, and River View Coal, as well as numerous recent economic developments including significant investments from Alliance Coal, Pratt Paper, and others, creating substantial job growth. Furthermore, the property enjoys proximity to Evansville, Indiana's thriving retail scene, including the Promenade Development (anchored by Costco), Eastland Mall, and other major shopping centers. Access to Evansville's major employers, such as Deaconess Hospital and Berry Global, further enhances the property's appeal. The location also offers convenient access to Owensboro, Kentucky's retail and employment opportunities, including Towne Square Mall, Gateway Commons, and Owensboro Health Regional Hospital. This property represents a strong investment opportunity in a growing region with a robust economy and significant potential for rental income growth.

Highlights

  • 16-unit apartment building in Henderson, KY, offering value-add potential.
  • Nine buildings totaling 24,106 net rentable square feet, built in 1998 (Class B).
  • Eight duplexes, average unit size over 1,507 sq ft; 15 units have 2-3 bedrooms.
  • Self-managed; upside potential through professional management and renovations (cabinets, countertops, flooring, lighting, fixtures).
  • Excellent location near major employers (Tyson Foods, Gibbs Die Casting, River View Coal) and recent economic development in Henderson and nearby Evansville, IN (Costco, Eastland Mall) and Owensboro, KY (Towne Square Mall).

Property Details for 126 William And Mary Ct

Property type
Apartment buildings
Class
B
Year Built
1998
Buildings
9
Units
16

Location Insight

City
Henderson
County
Henderson
State
Kentucky
Latitude
37.8783374
Longitude
-87.573774
126 William And Mary Ct, Henderson, Kentucky

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126 William And Mary Ct
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