115-135 E Walnut Street,Danville, KY 40422
Danville, KY 40422
Description
Rare opportunity to acquire a 28-unit multifamily portfolio consisting of three neighboring apartment buildings at 115, 125 & 135 E. Walnut Street in downtown Danville, Kentucky . This well-positioned portfolio combines a highly desirable central location with extensive property improvements and the convenience of on-site parking. The properties have been significantly improved, including new roofs, updated HVAC systems and updated units throughout, allowing a new owner to benefit from substantial capital improvements already completed while minimizing near-term renovation needs. The location is a standout. Situated beside historic Constitution Square and just blocks from Danville's Main Street district, residents have convenient 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, placing the portfolio near two of Danville's major employment and educational anchors. With 28 units concentrated in one highly convenient location, the portfolio offers the efficiencies of larger-scale multifamily ownership along with strong accessibility and tenant appeal. The combination of updated units, major capital improvements, on-site parking and a walkable downtown location creates an attractive opportunity for investors seeking a stabilized multifamily asset in the heart of Danville. For buyers looking to expand the acquisition, additional Danville multifamily properties may also be available as add-on opportunities, including duplexes at 127-129 Aspen Drive, 134-136 E. Cheryl Lane and 155-157 E. Erskine Drive. These properties provide the option to increase unit count and further scale within the same market.
Details
| MLS # | 26026063 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1976 |
| Days On Site | 16 |
| Listing Provided By | Bluegrass Home Group | Michelle Gunter |
Features
| Bed(s) | 52 |
|---|---|
| Bath(s) | 28 Total |
| SQ Feet | 21,724 |
| Units | 28 |
| Building(s) | 3 |
| Zoning | Residential |
| Acreage | 1.50 |
Interior
| Cooling | Ductless, Electric |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site |
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: $3,200,000 low | high Med: $229,000 sqft: 21,724 low | high Med: 1,525 $ / sqft: $147 low | high Med: $150 On site: 16 low | high Med: 41 | |
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: $3,200,000 low | high Med: $229,000 sqft: 21,724 low | high Med: 1,525 $ / sqft: $147 low | high Med: $150 On site: 16 low | high Med: 41 | |