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278 Weslee Way

6 Unit Apartment Building $550,000 ($91,667/Unit) 9.83% Cap Rate Hazard, KY 41701

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INVESTMENT HIGHLIGHTS

Building has been continuously maintained and updated.
NOI ±$54,048 at ±100% occupancy.

Currently fully occupied, the property boasts a strong historical occupancy showcasing the properties viability and market demand.

EXECUTIVE SUMMARY

6-Unit apartment building situated in the heart of Hazard, KY with an attractive unit mix to accommodate single renters and families. Located in the bustling commerce center of the region, offering access to essential amenities, entertainment, employment, and roadways.

Brochure

PROPERTY FACTS

Price	$550,000	Building Class	C
Price Per Unit	$91,667	Lot Size	4.13 AC
Sale Type	Investment	Building Size	6,000 SF
Cap Rate	9.83%	Average Occupancy	100%
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built	1994
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$550,000
Price Per Unit	$91,667
Sale Type	Investment
Cap Rate	9.83%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	4.13 AC
Building Size	6,000 SF
Average Occupancy	100%
No. Stories	2
Year Built	1994
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
3+1.5	6	-	-

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ZONING

Zoning Code	R-2
R-2

Listing ID: 33207590
Date on Market: 9/17/2024
Last Updated:
Address: 278 Weslee Way, Hazard, KY 41701

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278 Weslee Way, Hazard, KY for sale Primary Photo- Image 1 of 2 — Main

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