Great Cash Flow Investment Property With Room to Grow! 2 duplexes that sit on just over 3 acres located 2.5 miles from Murray State University. Unit A is rented to long term tenant and units B-D have been purposefully left vacant for new owner to set rents and leases for new tenants of their choice. With great potential for upfront cash flow with room and infrastructure already in place for expansion you get the best of both worlds with this investment property. Owner already has an extra 1000 gallon septic with hookup installed for more units. A well with a 350 gallon reservoir tank is located in the front well house and feeds current units and can provide for new units. Invest in your future with this property!
Garbage - Private, Other/See Remarks, DSL/High Speed Internet
SEWER
Septic
WATER SOURCE
Well
Basement
None
FOUNDATION
Slab
ARCHITECTURAL STYLE
1 Story
Roof
Dimensional Shingle
EXTERIOR FEATURES
Deck, Exterior Lights, Gravel Drive, Trees
Lot Size
3.03 Acres
View
Deck, Exterior Lights, Gravel Drive, Trees
CITY
Murray
SUBDIVISION
None
COUNTY
Calloway
AREA
Calloway
STATE
KY
LATEST UPDATE
2023-06-12T18:41:16.734Z
PRICE CHANGE(S)
$375,000 Mar 11, 2022
$350,000 May 2, 2022
Property Details
Property TypeMulti-Family
StatusSold
Property Sub TypeFourplex
MLS #116362
FlooringCarpet, Laminate, Tile, Wood
HeatingElectric, Heat Pump
CoolingCentral Air
Utility FeaturesGarbage - Private, Other/See Remarks, DSL/High Speed Internet
SEWERSeptic
WATER SOURCEWell
BasementNone
FOUNDATIONSlab
ARCHITECTURAL STYLE1 Story
RoofDimensional Shingle
EXTERIOR FEATURESDeck, Exterior Lights, Gravel Drive, Trees
Lot Size3.03 Acres
ViewDeck, Exterior Lights, Gravel Drive, Trees
CITYMurray
SUBDIVISIONNone
COUNTYCalloway
AREACalloway
STATEKY
LATEST UPDATE2023-06-12T18:41:16.734Z
PRICE CHANGE(S)
$375,000 Mar 11, 2022
$350,000 May 2, 2022
Market Trends
New Properties On Market
62
77%
Increase In New Listings
Average Asking Price
$395,780
$145,598 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$165
$58 Increase In List Price/Sq. Ft.
Average Days On Market
8
13 Day
Decrease In Days On Market
Data as of May 15, 2024.
Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
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Housman Partners Real Estate is a licensed Broker in the state of Kentucky and is a leading authority on Paducah, Kentucky area real estate. Our love for the communities we live and work in are why we do what we do. Stop by the office and experience the Housman Partners Real Estate way of Paducah area real estate.