202 Lafayette StBeaver Dam, KY 42320
- Mixed-use properties
- 0.39 AC
Property Details for 202 Lafayette St
- Lot size
- 0.39 AC
- Property type
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity in Beaver Dam, Kentucky, presents a 7-unit apartment building situated on a 0.39-acre lot at 202 N Lafayette Street, zip code 42320. Currently 100% occupied and generating income, this property boasts an impressive 15% gross capitalization rate. The building's prime location places it within easy walking distance of popular local attractions such as Sounds on Second, the Beaver Dam Amphitheatre, and Beaver Dam Park, as well as shopping, restaurants, and a pharmacy. This convenient location contributes to low tenant turnover and a strong return on investment. Each of the seven units is equipped with its own meter base and HVAC system, ensuring efficient utility management and tenant comfort. Adding to the property's appeal is a detached garage measuring 16 feet by 72 feet, providing additional storage or potential rental income. The asking price for this remarkable investment is $200,000. This is a rare opportunity to acquire a high-performing, income-producing property in a desirable location. Don't miss out on this chance to secure a significant return on your investment.
Location Insight
- City
- Beaver Dam
- County
- 21183
- State
- Kentucky
- Latitude
- 37.403
- Longitude
- -86.879
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