211 Shenandoah Pl Henderson, KY 42420

Property Details for 211 Shenandoah Pl

Year built

1972

Property type

Residential income homes

Description

This exceptional investment opportunity presents a four-unit, single-family rental portfolio located at 211 and 201-202 Shenandoah Place, Henderson, KY 42420. The property comprises four, one-story buildings, totaling 4,800 square feet of net rentable space, built in 1972. Each unit offers a spacious 1,200 square-foot floor plan with two bedrooms. This portfolio presents a compelling value-add opportunity for investors. Significant upside potential exists through interior renovations, including upgrades to countertops, flooring, cabinets, lighting, and fixtures. Currently self-managed, the property offers further operational improvements through the implementation of a professional management team. The property benefits from its strategic location, providing convenient access to major Henderson employers such as Tyson Foods, Gibbs Die Casting, and River View Coal, as well as numerous recent economic developments including significant investments from Alliance Coal, Pratt Paper, and Hydro Aluminum, creating substantial job growth. Furthermore, the portfolio enjoys proximity to Evansville, Indiana's thriving retail scene, including the Promenade Development (anchored by Costco), Eastland Mall, and East Lloyd Commons, and major employers like Deaconess Hospital and Berry Global. The location also offers convenient access to Owensboro, Kentucky's retail and employment centers, including Towne Square Mall, Gateway Commons, and Owensboro Health Regional Hospital. This portfolio represents a rare opportunity to acquire a well-positioned multifamily asset with substantial potential for increased profitability.

Location Insight

City

Henderson

County

Henderson

State

Kentucky

Longitude

-87.5731145

Latitude

37.8752466