115-135 E Walnut StreetDanville, 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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Structure type

Multi Family

Year built

1976

Stories

2

Living area

21,724 Sq Ft

Lot size

1.50 acres

Parking spaces

30

Days on market

21

MLS^® Listing#

26026063

Property Features

Cooling

Ductless · Electric

Heating

Electric

Parking

On Site

Laundry

Electric Dryer Hookup · Washer Hookup

Roof

Shingle

Parcel number

D08-015-030..

Schools

Elementary

Hogsett

Middle

Boyle Co

High

Danville

Directions

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