278 Weslee Way - Apartments FOR SALE


Hazard, KY 41701
$550,000 USD
586-202-2340
278 Weslee Way, Hazard, KY for Sale
$550,000 USD
Apartments - FOR SALE
1/1
null | 9.8% Cap Rate

278 Weslee Way
Hazard, KY 41701


OVERVIEW

Hazard Apartments presents a unique investment opportunity with an asking price to be determined by the market, allowing for competitive offers. The property generates a net operating income of approximately $51,000, providing immediate cash flow for investors. With its strong 100% occupancy rate and history of high renter demand, this property offers a stable and lucrative investment. Buyers will benefit from the turnkey nature of the asset, with consistent updates and improvements already in place, as well as the potential for value-add through rental increases.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

6

PRICE/UNIT

$91,667

CAP RATE

9.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.13 AC

LAND SF

179,770 SF

ZONING

R-2

APN/PARCEL ID

086-20-04-005.00

ASK ABOUT THIS PROPERTY

Josh MillerFriedman Real EstateMore Info
586-202-2340

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Josh MillerFriedman Real EstateMore Info
586-202-2340

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.