502 College Ave | Paducah, KY 42001
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- LoopNet Team
502 College Ave
Paducah, KY 42001
MULTI FAMILY - Investment Property For Sale · Multifamily Property For Sale · 6 Units
INVESTMENT HIGHLIGHTS
- Prime Location: Situated in the heart of Lone Oak, ensuring high demand and easy-to-fill vacancies.
- Exterior Improvements: Front stairs recently repaired, repainted, and weatherproofed.
- Market Rate Potential: Expected rents range from $850–$950, with additional income possible for short-term or furnished rentals.
- Upgraded Flooring: Five of six units have LVP or laminate flooring; all units have been freshly painted as tenants moved out.
- Below Market Rents: Long-term tenants on month-to-month leases, offering potential for increased rental income.
- Low Maintenance: Updated and well-maintained property.
PROPERTY FACTS
| No. Units | 6 | Building Size | 5,484 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1979/2023 |
| Lot Size | 0.28 AC |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.28 AC |
| Building Size | 5,484 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2023 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $800.00 | - |
ZONING
| Zoning Code | Residential |
| Residential |
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