34 Amy Lynn Dr, Kevil, KY 42053

Listing Agency: HRE Advisors d***@hawkinsrea.net

Listed By: Dustin Hawkins · License KY #215644 Show Phone

Source: Exprealty

Added: Jul 23 Changed: Nov 7 Last Checked: Nov 12 at 11:39AM

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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.

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 / Yr

$154,606

Cap Rate

7.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,092,120 $3.1M

Cap Rate 7%

$2,208,657 $2.2M

Cap Rate 9%

$1,717,844 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,845 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $274,854 @ 7.0% cap · market cap 12.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

20

Residential units

100%

Occupancy

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

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Office Building with Private Offices

297 Kentucky Avenue, Kevil, KY 42053

$395,000

5,132 SF

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Townhome Duplex with Garages

129 & 131 Johnson Drive, Kevil, KY 42053

$450,000

2,448 SF

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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