20-Unit Apartment
For Sale
Contact for pricing
34 AMY LYNN DR, Kevil, KY 42053
Fully occupied apartment property with predominantly two-bedroom layouts and one larger three-bedroom residence.
Property Size18,845 SF
Price / SF$116.74
Days on Market14
Property Features for 34 AMY LYNN DR
General Information
Standard status
Active
Size
18,845 SF
Property subtype
Land
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
20
Building Details
Year Built
1979
Stories
1
Units
8
Listing Agency:
HRE Advisors
(270) 705-5355
Listed By:
Dustin Hawkins · License #KY 215644
Source:
Crexi
Added: Jul 29
Changed: Aug 9
Last Checked: Aug 10 at 4:25PM
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 HRE Advisors
Investment Insights
Based on property information with market context.
This 20-unit apartment property contains 18,845 square feet and was built in 1979. The unit mix is weighted toward two-bedroom, one-bathroom residences, supplemented by a three-bedroom, two-bathroom unit. All units are reported occupied, providing an established operating profile for the property.
Located at 34 Amy Lynn Dr in Kevil, the property sits just off the main road, supporting convenient access to and from the site. The apartment configuration and existing occupancy provide a straightforward multifamily asset with a defined residential layout.
Located at 34 Amy Lynn Dr in Kevil, the property sits just off the main road, supporting convenient access to and from the site. The apartment configuration and existing occupancy provide a straightforward multifamily asset with a defined residential layout.
Key Highlights
- 20 apartment units with 100% occupancy
- 18,845 square feet of apartment space
- Primarily 2‑bedroom, 1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$154,606
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,092,120
$3.1M
Cap Rate 7%
$2,208,657
$2.2M
Cap Rate 9%
$1,717,844
$1.7M
Market Conditions
NOI Build-Up for 18,845 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$307.6K $16.32/SF
− Vacancy
−$26.4K −$1.40/SF
EGI
$281.1K $14.92/SF
− OpEx
−$126.5K −$6.71/SF
NOI
$154.6K $8.20/SF
Area
McCracken County, KY
Vacancy
8.60%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,092,120
Cap Rate 7%
$2,208,657
Cap Rate 9%
$1,717,844
Alternative Uses
Best Use
Apartment 5plus
$2.21M
$1.93M – $2.58M
NOI $154,606 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.93M
$3.44M – $4.58M
NOI $274,854 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 42053, KY
4,837
Population
2,172
Households
2.2
Avg Household Size
45
Median Age
21%
College-Educated
95%
High-School Grad
119.8 sq mi
ZIP Area
40
Density / Sq Mi
$70,617
Median Household Income
$41,328
Median Earnings
$889
Median Rent
$162,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with predominantly two-bedroom layouts and one larger three-bedroom residence.
Where is this apartment building located?
The property is located at 34 AMY LYNN DR Kevil, KY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 20 apartment units with 100% occupancy; 18,845 square feet of apartment space; Primarily 2‑bedroom, 1‑bathroom units
