500 Fair St | Henderson, KY 42420
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- LoopNet Team
500 Fair St
Henderson, KY 42420
Canoe Creek Apartments · Multifamily Property For Sale · 121 Units
Investment Highlights
- Completely renovated in 2022, over $4 million in renovation costs
- High quality interior finishes
- Potential to implement a utility bill-back system for non-HAP units
- Attractive going-in cap rate
- Attractive mix of one-, two-, and three-bedroom units
- New $700 million paper mill minutes away
PROPERTY FACTS
| No. Units | 121 | Building Size | 85,774 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2023 |
| Building Class | B | Parking Ratio | 2.33/1,000 SF |
| Lot Size | 7.60 AC |
| No. Units | 121 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.60 AC |
| Building Size | 85,774 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2023 |
| Parking Ratio | 2.33/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | $766.00 | 645 |
| 2+1 | 63 | $889.00 | 895 |
| 3+1 | 25 | $1,045 | 829 |
PROPERTY TAXES
| Parcel Number | 56C-44 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,950,000 |
PROPERTY TAXES
Parcel Number
56C-44
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,950,000
zoning
| Zoning Code | R3 (Residential) |
| R3 (Residential) |
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