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For sale by owner Alexandria. 18 unit one bedroom apartment complex - 100% occupied. *Annual positive cash flow of $50,000.00*. 3 buildings with newer roofs, tentant paid utilities minus water and trash disposal. Finance options available!!! |
| Property ID: 200101 |
Current Status:
New Listing |
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| Asking Price: |
$575,000 |
Location: |
| Square Feet: |
11760 |
8298, 8304, 8310 Riley Rd. |
| Total Rooms: |
0 |
Alexandria, KY 41001 |
Bed Rooms: |
18 |
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Full/Half Baths: |
18/0 |
Year Built: 1978 |
For Sale by Owner Alexandria Home
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| With a current positive cash flow of over $50, 000 a year, this lovingly maintained property is not only a good find but a great investment!!! Alexandria Courts consist of 18 one bedroom apartments in a quite wooded setting across from the Alexandria Fair Grounds. There are three six unit buildings, the two front buildings were built in 1963 and have individual gas furnaces and the back building was built in 1978 and is all electric. All units have wall to wall carpeting, air conditioning, cealing fans, and equipped kitchens. There is a coin operated laundry facility and a blacktop driveway with 30 parking spaces. There are two storage sheds one 8x10 and one 12x32 with electric. The two front buildings have roofs that are two years old and the back building roof is 8 years old. The tenants pay all utilities except water, santation, and trash removal. The property has been well maintained, almost all units having new furnaces, air conditioners, and water heaters in the past 8 years. The rental history has been excellent with 95% plus occupancy rate for the past 5 years with six tenants having lived there for a average of 10 years or longer. The property currently grosses $93.375.00 including income from laundry facility. The Seller is willing to work directly with you to make owning this winning property a reality. Low down payment and special finance options are available, so don't wait, call to schedule a showing with the Seller now! 1-888-511-0490 Ext. 200101 |
Print Listing Flyer |
You could own this
home for
$2,644 a month!* |
To discuss
financing,
including 100%
Call 1-888-511-0490 #200101
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Talk to the Seller |
Additional
Room Info |
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| Property
Features |
Community
Features |
| Lot Size: |
1.47 Acres |
Garage: |
None |
| Floors: |
3 |
Garage Cars: |
30 cars |
| Basement: |
Partial - Not Finished |
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| School District: |
Campbell County |
| High School: |
Bishop Brossart /campbell County |
| Middle School: |
Campbell County |
| Elementary School: |
Alexandria |
| Property Taxes (Annual): |
$4,782. |
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| Home Owner Fees: |
$ 0. |
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| Seller
Concessions |
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House |
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