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PROPERTY LOCATION
United States
Kentucky
41001
Alexandria
8298, 8304, 8310 Riley Rd.
GENERAL INFORMATION
575000
Commercial
18
18
PROPERTY DESCRIPTION
Alexandria Courts consist of 18 one bedroom apartments in a quiet wooded setting across from the Alexandria Fair Grounds. There are three six unit buildings, the two front buildings were built in 1963 and have individual gas furnaces and the back building was built in 1978 and is all electric.
All units have wall to wall carpeting, air conditioning, ceiling fans, and equipped kitchens. There is a coin operated laundry facility and a blacktop driveway with 32 parking spaces. There are two storage sheds one 8x10 and one 12x32 with electric. The two front buildings have roofs that are two years old and the back building roof is 8 years old. The tenants pay all utilities except water, santition, and trash removal.
The property has been well maintained, most units having new furnaces, air conditioners, and water heaters in the past 6 years. The rental history has been excellent with 95% plus occupancy rate for the past 5 years with 9 tenants having lived there for a average of 10 years or longer. The property currently grosses $90.996.00 including income from laundry facility, and current deposits are $7,695.00. The Seller is willing to work directly with you to make owning this winning property a reality.
Willing to negotiate. No Realtors. Serious Inquiries only.
Call now to schedule a showing with the Seller!
Go to ac.ezlisted.com for additional photos and more information.
VIDEO TOUR CODE
Alexandria Courts consist of 18 one bedroom apartments in a quiet wooded setting across from the Alexandria Fair Grounds. There are three six unit buildings, the two front buildings were built in 1963 and have individual gas furnaces and the back building was built in 1978 and is all electric.
All units have wall to wall carpeting, air conditioning, ceiling fans, and equipped kitchens. There is a coin operated laundry facility and a blacktop driveway with 32 parking spaces. There are two storage sheds one 8x10 and one 12x32 with electric. The two front buildings have roofs that are two years old and the back building roof is 8 years old. The tenants pay all utilities except water, santition, and trash removal.
The property has been well maintained, most units having new furnaces, air conditioners, and water heaters in the past 6 years. The rental history has been excellent with 95% plus occupancy rate for the past 5 years with 9 tenants having lived there for a average of 10 years or longer. The property currently grosses $90.996.00 including income from laundry facility, and current deposits are $7,695.00. The Seller is willing to work directly with you to make owning this winning property a reality.
Willing to negotiate. No Realtors. Serious Inquiries only.
Call now to schedule a showing with the Seller!
Go to ac.ezlisted.com for additional photos and more information.