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12 Independence Dr Somerset, KY 42501

For Sale
$1,080,000

24-unit senior housing property in Somerset, Kentucky.

Property size:
21,696 SF

Property Features for 12 Independence Dr

General Information

Size
21,696 SF

Building Details

Year built
2003

Source: Andrew Agee Agent Andrew Agee

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Somerset Senior Housing Investment

Eagle's Landing is a 21,696 square foot, 24-unit property constructed in 2003 in Somerset, KY. Currently operating as an income-restricted senior housing community for adults aged 62 and over, the property benefits from stable occupancy and consistent demand. The property is subject to affordability restrictions for a total of 35 years. The location provides easy access to major highways and local conveniences. Residents can enjoy the scenic views at Lake Cumberland, or explore the historic downtown area with its quaint shops and restaurants. The Daniel Boone National Forest is a short drive away. It is ideal for multifamily, senior living, and LIHTC investors.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Eagles Landing Apartments Apartment Complex Olympia Construction Inc Construction Company

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Somerset
County
Pulaski
State
Kentucky
Longitude
-84.615565
Latitude
37.064764

FAQs

What type of property is this?
Apartment building - 24-unit senior housing property in Somerset, Kentucky.
Where is this apartment building located?
The property is located at 12 Independence Dr Somerset, KY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: - Stable occupancy and consistent demand due to operation as income-restricted senior housing.; - Strong long-term investment potential and reliable cash flow due to established affordability designation and increasing need for senior housing.; - Ideal for Multifamily / Senior Living Investors and LIHTC Investors.
More about this property
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