2333 Us Hwy 60, Henderson, KY 42420

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Building Details:

• Year Built: 1972

2333 Us Hwy 60 is located in Henderson, KY.

24 unit renovated complex
Over 9% CAP Rate
Premier Henderson location
100% occupancy with several potential tenants on a wait list
Total monthly rent $12,085.00
Current rent rate $525/month
10 Older leases $400-$500 provide opportunity for increased income
Stable tenant base, average tenant stay about 20 month

6 Buildings each has 4 two bedroom units with 1 bathroom and laundry room
Units are completely remodeled with new wood laminate floors, two
carpeted bedrooms with large closets, walk-out access to a patio or
deck, washer/dryer hook-ups, new appliances and intercom system

Over $250,000 in renovations
Exterior remodeling and paint
2 Roofs in 2008, 1 in 2011 and 1 in 2012
Addition of intercom system
21 units updated with all new bathrooms, windows, new flooring
HVAC and appliances were replaced as needed
3 units have not yet been updated (still have the same tenants from 2008)