This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

937 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Maple Valley Townhomes 618 E Waverly St

30 Unit Apartment Building $1,950,000 ($65,000/Unit) 7.37% Cap Rate Morganfield, KY 42437

Apartment Buildings Kentucky Morganfield 618 E Waverly St, Morganfield, KY 42437

Investment Highlights

  • Location right off Hwy 60 E
  • All new windows
  • Around $800k invested into property renovations
  • All units washer/dryer hookups, ceramic tile, and vinyl tile flooring
  • Full gut rehab done on all but 3 units
  • Priced well below replacement cost

Executive Summary

Broker of Record
Kyle Matthews
License No. 239410 (KY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price $1,950,000 Building Class C
Price Per Unit $65,000 Lot Size 2.95 AC
Sale Type Investment Building Size 24,900 SF
Cap Rate 7.37% Average Occupancy 86%
No. Units 30 No. Stories 2
Property Type Multifamily Year Built 1972
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 Garden
Price $1,950,000
Price Per Unit $65,000
Sale Type Investment
Cap Rate 7.37%
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.95 AC
Building Size 24,900 SF
Average Occupancy 86%
No. Stories 2
Year Built 1972
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
2+1 30 - 830

Links

1 of 1

PROPERTY TAXES

Parcel Number M3-33-10 Improvements Assessment $685,000
Land Assessment $50,000 Total Assessment $735,000

PROPERTY TAXES

Parcel Number
M3-33-10
Land Assessment
$50,000
Improvements Assessment
$685,000
Total Assessment
$735,000
(404) 445-1091

Contacts

  • Listing ID: 34498064

  • Date on Market: 1/15/2025

  • Last Updated:

  • Address: 618 E Waverly St, Morganfield, KY 42437

More public record information on 618 E Waverly St, Morganfield, KY 42437

The Multifamily Property at 618 E Waverly St, Morganfield, KY 42437 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/5
618 E Waverly St, Morganfield, KY for sale Building Photo- Image 1 of 5
Maple Valley Townhomes - Hero 1 wm
618 E Waverly St, Morganfield, KY for sale Building Photo- Image 2 of 5
Maple Valley Townhomes - Hero 2 wm
618 E Waverly St, Morganfield, KY for sale Building Photo- Image 3 of 5
Maple Valley Townhomes - Map 1 wm
618 E Waverly St, Morganfield, KY for sale Building Photo- Image 4 of 5
Maple Valley Townhomes - Map 2 wm

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Maple Valley Townhomes | 618 E Waverly St
(404) 445-1091 x

Maple Valley Townhomes | 618 E Waverly St

1/2

Austin Graham

(404) 445-1091

(404) 445-1091

Austin Fragoletti

(615) 250-2472

(615) 250-2472

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link