Building Details

Year built 1970

Number of units 40

Listing Agency: EXP Realty, LLC k***@expreatly.net Show Phone

Listed By: Keavin Hayden · License #220870 Show Phone

Added: Sep 26, 2022 Changed: Jun 3 Last Checked: Sep 4 at 10:06AM

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MLS# RA20224484

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Investment Insights

Based on property information with market context.

This apartment building in Providence includes 12 newly renovated units. The exterior has been refreshed with new roofs, gutters, and exterior paint, supporting a turn-key look and improved curb presence. The property also includes an on-site laundry facility and a rental office, with a property manager on-site for day-to-day operations.

Located at 314 N Willow Street in Providence, Kentucky (Webster County), the building sits on a 2.05-acre lot. The listing information does not specify unit mix, individual unit features, or building size, so prospective buyers should confirm operating details and layout during due diligence.

For investors or owner-operators seeking a small, professionally managed multifamily asset, the recent renovation scope and available on-site amenities may reduce immediate capital needs. The combination of an on-site laundry facility and rental office can also support tenant convenience and streamlined leasing and management. Interested parties should review current rent rolls, renovation scope, and any existing leases and operating statements to fully evaluate performance and underwriting assumptions.

Key Highlights

• Investment opportunity with 12 newly renovated units ready to uplease.
• New roofs, gutters and exterior paint.
• On site laundry facility.

Property Analytics

Property Profile

Current Use

Greenbrier Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

154

Businesses Nearby

Explore this area Business Placement

Demographics for 42450, KY

3,909

Population

1,914

Households

2

Avg Household Size

42

Median Age

14%

College-Educated

90%

High-School Grad

72.6 sq mi

ZIP Area

54

Density / Sq Mi

$53,533

Median Household Income

$36,045

Median Earnings

$632

Median Rent

$74,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building offering 12 recently renovated units and multiple on-site property services.

Where is this apartment building located?

The property is located at 314 N Willow Street Providence, KY.

What is the asking price?

The asking price for this property is $2,190,000.

What are key features of this property?

This property features: Investment opportunity with 12 newly renovated units ready to uplease.; New roofs, gutters and exterior paint.; On site laundry facility.