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Henderson Multifamily Turnkey Community

242 Shenandoah Place Henderson, KY 42420

242 Shenandoah Place, Henderson, KY, 42420
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For Sale
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20-unit multifamily property with recent and ongoing capital improvements.

Property Size26,700 SF
Days on Market60

Property Features for 242 Shenandoah Place

General Information

Standard status
Active
Size
26,700 SF
Property subtype
Multifamily

Building Details

Year Built
1973
Listing Agency Franklin Street Tampa
Listed by Jonathan Hawks · License #TN 368811
Source Crexi
Added: May 19 Checked: Jul 15 at 10:44 pm

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street Tampa


Investment Insights

Based on property information with market context.

Shenandoah Townhomes is a 20-unit multifamily community located in Henderson. Constructed in 1973 with brick, the property features townhome-style floorplans. The units are primarily 2-bedroom, 1.5-bath layouts, averaging approximately 1,205 square feet. The property has undergone extensive upgrades, including new roofs, renovated kitchens with granite countertops and new cabinetry, updated flooring, modern fixtures, and renovated interiors throughout. Additional improvements currently in progress are expected to be completed prior to closing. The property currently achieves average rents of approximately $1,160 per unit. It benefits from convenient access to major employers, retail centers, and the broader Evansville employment base just 15–20 minutes away. The property size is 26,700 square feet.

Key Highlights

  • Turnkey multifamily community with approximately $600,000 in recent and ongoing capital improvements.
  • Spacious townhome‑style floorplans averaging 1,205 square feet.
  • Renovated kitchens feature granite countertops, new cabinetry, updated flooring, and modern fixtures.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Building Supply Real Estate Agency Dental Office Kitchen & Bath Showroom Nail Salon (Bike/Boat/Book/etc) Store Computer & Electronic Repair Storage Facility Carpet & Flooring Store

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

FAQs

What type of property is this?
Apartment building - 20-unit multifamily property with recent and ongoing capital improvements.
Where is this apartment building located?
The property is located at 242 Shenandoah Place Henderson, KY.
What are key features of this property?
This property features: Turnkey multifamily community with approximately $600,000 in recent and ongoing capital improvements.; Spacious townhome‑style floorplans averaging 1,205 square feet.; Renovated kitchens feature granite countertops, new cabinetry, updated flooring, and modern fixtures.
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