126 William And Mary Ct Henderson, KY 42420

Property Details for 126 William And Mary Ct

Year built

1998

Property type

Commercial real estate

Description

This exceptional 16-unit apartment building presents a compelling value-add opportunity in Henderson, Kentucky. The property comprises nine buildings totaling 24,106 net rentable square feet, constructed in 1998 and classified as Class B. The portfolio includes eight duplexes, offering an average unit size exceeding 1,507 square feet, with 15 of the 16 units featuring two or three bedrooms. Currently self-managed, the property offers significant upside potential through professional management implementation and interior renovations. Renovation opportunities include updating countertops, flooring, cabinets, lighting, and fixtures to increase rental income. 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 others, creating substantial job growth. Furthermore, the property enjoys proximity to Evansville, Indiana's thriving retail scene, including the Promenade Development (anchored by Costco), Eastland Mall, and other major shopping centers. Access to Evansville's major employers, such as Deaconess Hospital and Berry Global, further enhances the property's appeal. The location also offers convenient access to Owensboro, Kentucky's retail and employment opportunities, including Towne Square Mall, Gateway Commons, and Owensboro Health Regional Hospital. This property represents a strong investment opportunity in a growing region with a robust economy and significant potential for rental income growth.

Location Insight

City

Henderson

County

Henderson

State

Kentucky

Longitude

-87.573774

Latitude

37.8783374