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In-PersonVirtual Tour
$ 699,500
Est. payment | /mo
2 Beds
1 Bath
638 SqFt
$ 699,500
Est. payment | /mo
2 Beds
1 Bath
638 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 638 sqft
Price per Sqft $1,096
MLS Listing ID 260600
Style One Story
Bedrooms 2
Full Baths 1
Year Built 1982
Property Sub-Type Single Family
Property Description
Current rent for each unit is $774 a month, units usually see an increase from HUD by 2% annually. Located on a quiet street in Henderson, Kentucky, this six-unit duplex portfolio offers an investment opportunity with an approximate 9% capitalization rate at the current asking price. Each unit features two bedrooms and one bathroom. The properties participate in the Section 8 housing program, with approximately nine years remaining on a 10-year agreement signed by the current owners one year ago. Financial documents are available online for review. All prospective buyers must provide a lender-issued financing prequalification letter before scheduling a showing. The buyer must be approved by the seller and should allow 60–120 days for HUD approval as part of the transaction process. There are 6 different properties: 1422 Mattingly Drive 1428 Mattingly Drive 1432 Mattingly Drive 1436 Mattingly Drive 1440 Mattingly Drive 1446 Mattingly Drive
Location
State KY
Area Henderson County
Rooms
Basement None
Interior
Heating Gas Forced Air
Cooling Central
Flooring Laminate
Fireplaces Type No
Exterior
Exterior Feature Brick, Vinyl
Parking Features Other
Fence None
Pool No
Roof Type Shingle
Building
Foundation Slab
Sewer City
Schools
Elementary Schools Cairo
Middle Schools North Jr High
Listed by BHG Realty
NEARBY SCHOOLS & PROPERTIES
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