4975 Us-62Kuttawa, KY 42055
- Residential income properties
- 1.03 AC
Property Details for 4975 Us-62
- Lot size
- 1.03 AC
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
Exceptional investment opportunity: Poplar Creek Lodge, a 10-unit apartment building situated on a 1.03-acre lot in Kuttawa, Kentucky (42055), is currently offered for $450,000. This Class C multifamily property boasts 100% occupancy with tenants holding six-month or twelve-month leases. Each unit commands a price of $45,000. Currently configured as efficiency apartments used for long-term rentals, the property presents significant upside potential. An unfinished living quarters and office space offer the possibility of expanding to 12 units. The property's location near Lake Barkley provides strong rental demand. With proper permitting, the property could be converted back into a motel. Note that a 48-hour notice is required to access all occupied units. The property's address is 4975 US-62, Lyon County, Kentucky.
Location Insight
- City
- Kuttawa
- County
- Lyon
- State
- Kentucky
- Latitude
- 37.0491
- Longitude
- -88.1624
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