222 Shenandoah Pl Henderson, KY 42420

Property Details for 222 Shenandoah Pl

Property type

Commercial real estate

Description

This exceptional 8-unit apartment building presents a compelling value-add opportunity in Henderson, Kentucky. The property comprises four duplexes, each featuring two 2-bedroom units with an average size of 950 square feet. Currently self-managed, the property offers significant upside potential through professional management implementation and interior renovations. Upgrades such as new countertops, flooring, cabinets, lighting, and fixtures will allow for increased rental income. The property benefits from its strategic location, providing convenient access to major Henderson employers including Tyson Foods, Gibbs Die Casting, and River View Coal, among others. Furthermore, its proximity to Evansville, Indiana, offers tenants easy access to a wide array of retail options, including the expansive 215-acre Promenade Development with Costco, Eastland Mall, and other major shopping centers. The strong economic growth in both Henderson and Evansville, fueled by recent significant investments and expansions by various companies, further enhances the property's investment appeal. The property's location also provides convenient access to Owensboro, Kentucky, and its robust employment base and retail amenities. This includes Owensboro Health Regional Hospital, Towne Square Mall, and Gateway Commons. This multifamily investment offers a unique blend of immediate income generation and long-term growth potential in a thriving regional market. The property's size and layout make it an ideal investment for both seasoned and emerging investors seeking a strong return on investment in a stable and growing market.