Residential Income Property with Golf
New
For Sale
$350,000
40-E Golf View Court, Elizabethtown, KY 42701
Residential/Farm, Condo, Duplex, Elizabethtown, KY
Property Size2,464 SF
Price / SF$142.05
Days on Market4
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Property Features for 40-E Golf View Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Window features
Blinds
Patio and Porch features
Patio
Interior features
Bookshelves, Ceiling Fan(s), Vaulted Ceiling(s), Walk-in Closet(s)
Exterior features
Enclosed Patio, Landscaping
Subdivision
Country Club
Lot features
Golf Course Front, Golf Course View, Golf Course
Directions
From Elizabethtown take Hwy. 210. Just past the E-town Country Club turn left on Winning Colors Blvd. Turn left onto Golf View Ct. Last duplex building on the left. The 40-E unit is on the right side.
Standard status
Active
Size
2,464 SF
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
sunroom porch
community fire pit
Building Details
Year built
2005
Flooring type
Laminate, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
MELLOAN REAL ESTATE
(270) 769-4663
Listed By:
John & Joni Melloan Team · License #31902
(270) 300-4663
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 15 at 6:06PM
MLS# HK2604269
Copyright © 2026 Heart of Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,464-square-foot condo has two bedrooms and two bathrooms, with an open living area, vaulted ceilings, and bookshelves. The kitchen includes granite countertops and ample cabinetry, while the primary suite features a double vanity and walk-in shower. An enclosed sunroom-style patio looks toward the golf course, and the property has an attached two-car garage plus a separate golf cart garage. Replacement windows were installed by Renewal by Andersen. The home was built in 2005 and has central air and heat pump heating.
Residents can also use the community fire pit. The condo is located at 40-E Golf View Court in Elizabethtown, Kentucky, and includes landscaping and an additional patio feature.
Residents can also use the community fire pit. The condo is located at 40-E Golf View Court in Elizabethtown, Kentucky, and includes landscaping and an additional patio feature.
Key Highlights
- 2,464 square feet with 2 bedrooms and 2 bathrooms
- Golf course views from the enclosed patio
- Attached 2‑car garage plus a separate golf cart garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,724
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,480
$394.5K
Cap Rate 7%
$281,771
$281.8K
Cap Rate 9%
$219,156
$219.2K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$37.6K $15.24/SF
− Vacancy
−$1.7K −$0.69/SF
EGI
$35.9K $14.55/SF
− OpEx
−$16.1K −$6.55/SF
NOI
$19.7K $8.00/SF
Area
Hardin County, KY
Vacancy
4.50%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,480
Cap Rate 7%
$281,771
Cap Rate 9%
$219,156
Alternative Uses
Best Use
Apartment 5plus
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.1K
$390.3K – $520.4K
NOI $31,224 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condo pairs an enclosed patio with a two-car garage and separate golf cart garage.
Where is this residential income property located?
The property is located at 40-E Golf View Court Elizabethtown, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,464 square feet with 2 bedrooms and 2 bathrooms; Golf course views from the enclosed patio; Attached 2‑car garage plus a separate golf cart garage
