1933 S 28th St
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1933 S 28th St
6 Unit Apartment Building $349,000 ($58,167/Unit) 10.06% Cap Rate Paducah, KY 42003
Executive Summary
For Sale: Income-Producing 6-Unit Multifamily Property in Paducah, Kentucky
Fantastic investment opportunity with this fully operational 6-unit multifamily property, located in the heart of Paducah. Five of the six units are currently occupied, generating a solid rental income of over $3,600 per month. With very low expenses, this property is a cash-flowing asset, perfect for investors looking for immediate income.
Key Property Highlights:
6 Units: Well-maintained apartments, with solid occupancy and tenant retention.
Occupancy: 5 of 6 units rented, ensuring consistent cash flow.
Low Expenses: Minimal overhead makes this property highly profitable.
Convenient Location: Situated in a desirable area of Paducah, close to schools, shopping, and public transportation.
Upside Potential: With one vacant unit, there’s an opportunity to increase monthly income with new leasing or renovation to maximize rental rates.
This property is ideal for both new and experienced investors looking to expand their portfolio in a growing market. Don’t miss out on this turnkey investment with room to grow. Contact us today for more details or to schedule a viewing!
Fantastic investment opportunity with this fully operational 6-unit multifamily property, located in the heart of Paducah. Five of the six units are currently occupied, generating a solid rental income of over $3,600 per month. With very low expenses, this property is a cash-flowing asset, perfect for investors looking for immediate income.
Key Property Highlights:
6 Units: Well-maintained apartments, with solid occupancy and tenant retention.
Occupancy: 5 of 6 units rented, ensuring consistent cash flow.
Low Expenses: Minimal overhead makes this property highly profitable.
Convenient Location: Situated in a desirable area of Paducah, close to schools, shopping, and public transportation.
Upside Potential: With one vacant unit, there’s an opportunity to increase monthly income with new leasing or renovation to maximize rental rates.
This property is ideal for both new and experienced investors looking to expand their portfolio in a growing market. Don’t miss out on this turnkey investment with room to grow. Contact us today for more details or to schedule a viewing!
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $349,000 | Building Class | C |
| Price Per Unit | $58,167 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 4,650 SF |
| Cap Rate | 10.06% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.23/1,000 SF |
| Apartment Style | Garden |
| Price | $349,000 |
| Price Per Unit | $58,167 |
| Sale Type | Investment |
| Cap Rate | 10.06% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,650 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2022 |
| Parking Ratio | 3.23/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $500.00 | 400 |
| 2+1 | 5 | $775.00 | 850 - 1,000 |
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1933 S 28th St
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