New Listing
135 E Walnut Street,Danville, KY 40422
Danville, KY 40422
Description
Rare opportunity to acquire a 10-unit multifamily property at 135 E. Walnut Street in the heart of downtown Danville, Kentucky, generating $144,000 in annual rental income. This well-positioned apartment building combines a convenient central location with significant property improvements and on-site parking. The property has been substantially improved, including a new roof, updated HVAC systems, and updated units throughout, reducing near-term capital improvement needs while offering an attractive foundation for continued multifamily ownership. Residents benefit from a highly convenient location beside historic Constitution Square and just blocks from Danville's Main Street district, with easy access to downtown restaurants, shopping, services, and community attractions. Ephraim McDowell Regional Medical Center is approximately 0.2 mile away, while Centre College is just minutes away along the Walnut Street corridor. With 10 units, extensive improvements, on-site parking and a walkable downtown location, the property offers an attractive opportunity for an investor seeking a manageable multifamily asset in a desirable central Danville setting. May be purchased individually or together with the neighboring properties at 115 and 125 E. Walnut Street for a total 28-unit portfolio. For an expanded investment opportunity, the package may also include three additional Danville duplexes located on Aspen Drive, E. Cheryl Lane, and E. Erskine Drive, bringing the combined portfolio to 34 units.
Details
| MLS # | 26026050 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1976 |
| Days On Site | 2 |
| Listing Provided By | Bluegrass Home Group | Michelle Gunter |
Features
| Bed(s) | 20 |
|---|---|
| Bath(s) | 10 Total |
| SQ Feet | 6,864 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | Residential |
| Acreage | 0.92 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Other |
Utilities
| Utilities | Cable Available, Phone Available, Sewer Connected, Water Connected |
|---|
Location
| Community Features | Park |
|---|
Area Information
| State | KY |
|---|---|
| County | Boyle |
| City | Danville |
| Zip Code | 40422 |
| Area | 012 Boyle County |
| Subarea | Boyle County |
| Community Name | Downtown |
| School District | Boyle County |
| Elementary School | Hogsett |
| High School | Danville |
| Listing VS Median (in Downtown) | |
Price: $1,275,000 low | high Med: $229,900 sqft: 6,864 low | high Med: 1,867 $ / sqft: $186 low | high Med: $123 On site: 2 low | high Med: 146 | |
Market Activity 40422
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Learn More About This Property
| State | KY |
|---|---|
| County | Boyle |
| City | Danville |
| Zip Code | 40422 |
| Area | 012 Boyle County |
| Subarea | Boyle County |
| Community Name | Downtown |
| School District | Boyle County |
| Elementary School | Hogsett |
| High School | Danville |
| Listing VS Median (in Downtown) | |
Price: $1,275,000 low | high Med: $229,900 sqft: 6,864 low | high Med: 1,867 $ / sqft: $186 low | high Med: $123 On site: 2 low | high Med: 146 | |
