904 Coldwater RdMurray, KY 42071
- Retail properties
- 864 SF
Property Details for 904 Coldwater Rd
- Property size (Sq ft)
- 864 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 001-0-0017-00003
- APU
- 10001700003
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $290,313
- 6.5%
- $267,982
- 7%
- $248,840
-
Comparable approach
- Method
- Valuation
- Relative Method
- $169,741
- Geo Method
- $169,741
-
Alternative Use
- Use
- Valuation
- Residential
- $226,052
- Hospitality
- $207,063
- Educational
- $172,274
- Medical
- $178,199
- Retail
- $267,982
Location Insight
- City
- Murray
- County
- Calloway
- State
- Kentucky
- Latitude
- 36.6199
- Longitude
- -88.3278
- CBSA code
- 34660
- CBSA name
- MURRAY, KY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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