421 Main StMcKee, KY 40447

Property Details for 421 Main St

Year built

9999

Lot size

17.54 AC

Property size (Sq ft)

740,520 SF

Property type

Retail properties

Property subtype

Office properties

Description

Exceptional investment opportunity in McKee, KY, presents a substantial multi-tenant property currently boasting 98% occupancy. This portfolio comprises a diverse mix of income-producing assets, including a 5,000 square foot professional office building, eight manufactured homes, twenty-eight storage units ranging in size from 10x10 to 12x38, and three residential buildings totaling approximately 3,510 square feet. The property sits on a sizable 17.54-acre lot and features a total of 740,520 square feet of space across nineteen buildings, spread across two stories. The property's strong performance is reflected in its impressive 9.87% cap rate and a substantial net operating income (NOI) of $94,000. The asking price is $1,200,000, translating to a price per square foot of $1.62. Recent renovations (2022/2024) enhance the property's value and appeal. The property is zoned residential and includes ample parking with 22 spaces per unit. The property is currently managed by Lakewood Rentals and includes 43 units and 41 tenants. Financial records are available upon request. This is a rare opportunity to acquire a well-established, high-performing rental portfolio in a stable market. The property's diverse tenant base and strong occupancy rate provide a secure and profitable investment.

Location Insight

City

McKee

County

Jackson

State

Kentucky

Latitude

37.4485

Longitude

-84.0185

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].