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Property profile & analytics
OFF-MARKET
Commercial real estate

15 Lincoln Ave Henderson, KY 42420

0.67 ac lot Built 1978
Property ID
US34-1397856
Property summary
AI-generated overview

This exceptional 16-unit apartment building presents a compelling investment opportunity in the desirable city of Henderson, Kentucky. Located at 15 N Lincoln Ave, this property boasts a prime location offering residents convenient access to local amenities and attractions while maintaining a peaceful, quiet atmosphere. Constructed in 1978, the single building sits on a sizable 0.67-acre lot. The property comprises a well-balanced mix of unit sizes, including twelve one-bedroom units and four two-bedroom units, catering to a diverse range of tenants. The asking price for this turnkey investment is $1,040,000. This represents a strong potential return on investment given the stable rental market in Henderson. The property's age provides an opportunity for future value appreciation through potential renovations or upgrades. The building's solid construction and established tenancy history contribute to its overall appeal. This multifamily property is an excellent addition to any investor's portfolio, offering a blend of immediate income generation and long-term growth potential. The property's location in Henderson County, Kentucky, with a zip code of 42420, ensures easy access to local services and transportation networks. This is a rare opportunity to acquire a well-maintained, income-producing apartment building in a thriving Kentucky community. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Year built 1978
Lot 0.67 ac (29,185 SF)
UPID US34-1397856
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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