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Explore & 104 Landon Drive
Est. $7,338/mo

102 & 104 Landon Drive, Irvington, KY 40146

10890 SqFt Multi-Family Home In Irvington
-- Bed-- Bath10,890 Sqft
Listed by Scott Coppage

Very Attractive 24 unit Multi Family Apartment Complex (2 buildings) fully updated and meticulously maintained built in 2005 is a terrific investment opportunity with 2018 & 2019 pro forma cap rates reaching 7.8 to 8.2 % and cash flows exceeding $100K. Located in the heart of Irvington Kentucky with clear visibility to the busy US 60 with over 3000 cars per day traffic flow. Currently at 100% occupancy all units feature 2 bedroom, 1 bath, with balcony or patio, tile, well maintained landscaping, newly remodeled with newer paint and carpet. The area is an excellent location, with new roads, close to shopping, and a new elementary school next door and parks. A Great Small Town atmosphere with Beautiful Country Views and rapid growth, only about 22 mins to Fort Knox. Pro Forma Net Operating Income (NOI) projected well in access of $100,000 per year cash flow with Cap Rates of 8 to 10 %. All units offer Dishwasher, Electric Range, Refrigerator and Washer & Dryer, lots of parking and city sewer. Tenants pay all their own utilities except garbage. P&L available upon request.

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Home Details
  • Days on Homes.com: 454
  • Beds: --
  • Baths: --
  • Property type: Multi Family
  • Exterior finish: BRICK,VINYL
  • Year built: 2005
  • Lot size: 2.5
  • Fireplace: no
  • Neighborhood: --
  • Cooling: Central A/c
  • New Construction: no
  • Property Sub Type: Apartment
  • Property Type Other Description: Multi Family
  • Roof: Composition Shingle
  • Style: Apartment, Other
  • Exterior: Brick, Vinyl Siding
  • Parking: Off Street
  • Heating: Electric, Heat Pump
  • Num Units: 24
  • Parking Spaces: 40
  • Year Updated: 2005
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MLS Number10043975
Listing SourceHeart Of Kentucky Association Of Realtors (via Listhub)
Last Updated09/09/2019 05:06:58 GMT-0400 (EDT)
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