Location, location, location. Great investment opportunity for owning an new unique 6 units apartment building next to UK hospital. The owner is selling the existing old ranch house property with the engineer stamped plan/blueprint for apartment building with city's approval. The plan would demolish the old ranch house and construct the new building for 6 one-bedroom units (approx 510 sqft per unit). The multiplex would be 3 story high, plus basement. The estimate construction cost would approx $450k, and the expect rental rate is $900, which yields gross income $64800 ($900 x 6 unit x 12 mo).
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
