4975 Us-62 Kuttawa, KY 42055
- Apartment buildings
- 1.03 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 4975 Us-62
- Lot size
- 1.03 lot acres
- Property type
- Apartment buildings
Description
Exceptional investment opportunity: Poplar Creek Lodge, a 10-unit apartment building situated on a 1.03-acre lot in Kuttawa, Kentucky (42055), is currently offered for $450,000. This Class C multifamily property boasts 100% occupancy with tenants holding six-month or twelve-month leases. Each unit commands a price of $45,000. Currently configured as efficiency apartments used for long-term rentals, the property presents significant upside potential. An unfinished living quarters and office space offer the possibility of expanding to 12 units. The property's location near Lake Barkley provides strong rental demand. With proper permitting, the property could be converted back into a motel. Note that a 48-hour notice is required to access all occupied units. The property's address is 4975 US-62, Lyon County, Kentucky.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kuttawa
- County
- Lyon
- State
- Kentucky
- Longitude
- -88.1624
- Latitude
- 37.0491
