135 E Walnut StreetDanville, 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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Structure type

Multi Family

Year built

1976

Stories

2

Living area

6,864 Sq Ft

Lot size

0.92 acres

Days on market

46

MLS^® Listing#

26026050

Property Features

Cooling

Electric

Heating

Electric

Parking

Other

Laundry

Electric Dryer Hookup · Washer Hookup

Roof

Shingle

Community

Park

Utilities

Cable Available · Phone Available · Sewer Connected · Water Connected

Parcel number

D08-015-008.

Schools

Elementary

Hogsett

Middle

Bate

High

Danville

Directions

Downtown Danville to Second Street, left on E. Walnut. Apartments are on left