About This Home
This 14-bedroom, 8-bathroom multi-family at 125 E Walnut Street in Danville, KY is listed for $980,000 ($139 per sqft). Built in 1976, the home offers 7,040 sqft of living space on a 0.92 acres lot.
Key Features
- Built in 1976
- 0.92 acre lot
- 2 stories
- 8 parking spaces
Property Details
Amenities
Rare opportunity to acquire an 8-unit multifamily property in the heart of downtown Danville, Kentucky generating $110,400 in annual income. This well-positioned apartment building combines a convenient central location with significant property improvements and on-site parking.
The property has been substantially improved, including a new roof, updated HVAC systems, and updated units throughout, reducing near-term capital improvement needs while offering an attractive foundation for continued multifamily ownership. Residents benefit from a highly convenient location beside historic Constitution Square and just blocks from
Danville's Main Street district, with easy access to downtown restaurants, shopping, services, and community attractions. Ephraim McDowell Regional Medical Center is approximately 0.2 mile away, while Centre College is just minutes away along the Walnut Street corridor.
With 8 units, extensive improvements, on-site parking and a walkable downtown location, the property offers an attractive opportunity for an investor seeking a manageable multifamily asset in a desirable central Danville setting. **May be purchased individually or together with the neighboring properties at 115 and 135 E.
Walnut Street for a total 28-unit portfolio. For an expanded investment opportunity, the package may also include three additional Danville duplexes located on Aspen Drive, E. Cheryl Lane, and E. Erskine Drive, bringing the combined portfolio to 34 units.**
Monthly Cost Estimate
$5,241/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
125 E Walnut Street
Danville, KY 40422
Downtown
Property Details
Heating
Cooling
Questions & Answers
This 14-bedroom, 8-bathroom multi-family at 125 E Walnut Street is listed at $980,000 ($139/sqft). The estimated monthly payment is $5,241 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1976, 0.92 acre lot, 2 stories, 8 parking spaces.
This property is listed by Michelle Gunter and can be reached at 8595526672.