Apartment building in Barbourville, KY

Multi-Family for Sale
Catylist Listing ID: 30662117
Property Subtypes: Mid-Rise, Student Housing
Number of Units: 9 Units
Building Size (RSF): 3,567 SF
Gross Building Area: See Agent
Gross Land Area: 6,970 SF
Sale Price: $249,500
Unit Price: $27,722.22 Per Unit
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 3,567 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 3/30/2021

Overview / Comments

This is your opportunity to own a historic home in the heart of Barbourville! Conveniently located within walking distance of Union College and all of the amenities that Barbourville has to offer, this impressive two-story brick property is a must see.
Originally designed as a single-family home, this versatile home has also been utilized as a triplex and a multi-unit residence. Currently, configured as a furnished, nine-bedroom, off-campus housing, this home is complete with two kitchens, four bathrooms and two laundry units, however, it can be easily converted back to single-family use if desired.
Situated on an oversized lot, this property is zoned for both commercial and residential use.
Stately and eye catching, this beautiful home has a large front porch that faces Cumberland Avenue, which is perfect for entertaining, decorating and receiving guests. Additional entrances on Broadway Avenue provide access to the rear of the home for parking, deliveries and groceries. Additionally, the side of the home offers an industrial-grade fire escape, which leads to the second floor.
Many recent upgrades have been completed, including the addition of a Rinnai tankless water heater in the spacious basement, new roof and gutter system, new lighting and bathroom updates.
If you’ve ever wanted the opportunity to live in town, this is it! Zoned for both city and county schools, you will have the ability to choose where to enroll.
If you’re looking for an investment property to add to your portfolio, better hurry, this won’t last long!
Schedule your appointment today to see this exciting property!

Additional Details

Nearest MSA: London
County: Knox
Tax ID/APN: 090-10-33-009.00
Zoning: COMMERCIAL AND RESIDENTIAL
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1930
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit, Window Unit
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,839 8,892 12,317
Median Age: 32.6 36.65 37.38
Households: 1,091 3,531 4,898

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