QUAIL HOLLOW APTS, 77 Nichols St., Inez, KY 41224

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$950,000 Sold Price
Sold on 7/27/2021
 
Listing ID 11000073
Property Type Multi-Unit (5+)
County Martin
FEMA Flood Map fema.gov/portal
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!!! TURN-KEY 44-Unit APARTMENT COMPLEX, UPSIDE POTENTIAL !!!

Great TURN-KEY 44-Unit Apartment opportunity nestled in the hills of Inez, KY. Over 75% Occupancy rate and stable cash flow. 7 Buildings, totaling 36,000+ Sq. Ft, with 88 parking spaces, office, clubhouse, and coin-operated laundry facilities. 12 units 1-bedroom; 28 units 2-bedroom; 4 units 3-bedroom. With COVID winding down, there is excellent upside potential. Stellar property manager onsite and on-call, so you can sit back and just collect the rent!
Property Details
  • Available 6/11/2021
Unit Information
Unit #1 – Bedrooms: 1, Full Baths: 1
Unit #2 – Bedrooms: 2, Full Baths: 1, Half Baths: 1
Unit #3 – Bedrooms: 3, Full Baths: 1, Half Baths: 1
Exterior Features
  • Frame Construction
  • Vinyl Siding
  • Asphalt Shingles Roof
  • Municipal Water
  • Private Septic
Commercial Info
  • 88 Parking Spaces
Income/Expenses
  • Gross Income $16,250
  • Paid by Landlord: Water, HVAC, Insurance, Parking, Ord. Maint., Struct. Maint., Ground Maint.
Sale Information
  • Sold on 7/27/2021
  • Sold for $950,000
  • Buyer's Agent: Laurie Huelsman
  • Company: Real Estate Unlimited
Previously Listed By
Susan Fleming
EXP Realty, LLC
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