This Property is 100% occupied and located just off the square in downtown Jamestown KY, being only minutes from the gorgeous Lake Cumberland. The property presents investors with an excellent opportunity to acquire a cash-flowing multifamily asset that is both generating income and offering future upside opportunities through mark-to-market renewals. This apartment building has 7 apartments with four apartments being two bedrooms and one bath and three apartments having one bedroom and one bath, generating income yearly at $33,000. All apartments have stove, refrigerators, baseboard heating and window air conditioning all remaining with the building. the basement of the apartment building has a community utility room which has 2 coin fed washers and dryers. Several of the apartments have been recently updated with new flooring and new paint. Looking for a great investment opportunity or just wanting something to generate extra income? Call Today to schedule your viewing of this great investment property.
Off market
$321,300
56 Pike Alley, Jamestown, KY 42629
11beds
--sqft
Apartment Complex
Built in 1970
-- sqft lot
$321,300 Zestimate®
$--/sqft
$1,042 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
- Full bathrooms: 7
Appliances
- Laundry: Coin Operated, Separate Room
Features
- Walls (Dry Wall)
- Basement: Walk-Out Access, Finished-Partial, Outside Entrance Ony
Property
Parking
- Total spaces: 12
Features
- Exterior features: Brick
Lot
- Size: 0.30 Acres
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment Complex
Condition
- Year built: 1970
Utilities & green energy
- Sewer: City
- Water: City
- Utilities for property: Separate Metered
Community & neighborhood
Location
- Region: Jamestown
HOA & financial
Other financial information
- Total actual rent: 2750
Other
Other facts
- Roof: Shingle
- HeatingYN: true
- CoolingYN: true
- TenantPays: Cable TV, Electricity, Sewer, Water, Deposit
- ConstructionMaterials: Block, Brick
- NumberOfUnitsTotal: 7
- FoundationDetails: Block
- OwnerPays: Grounds Care
- NumberOfBuildings: 1
- FarmLandAreaUnits: Square Feet
- GrossIncome: 33000
- Basement: Walk-Out Access, Finished-Partial, Outside Entrance Ony
- PropertySubType: Apartment Complex
- LotSizeSource: PVA
- ParkingFeatures: Parking Lot
- TotalActualRent: 2750
- LaundryFeatures: Coin Operated, Separate Room
- WaterSource: City
- AssociationFeeIncludes: No Amenities
- PetsAllowed: Pet Restrictions
- Sewer: City
- ListPriceLow: 279900
- Heating: Heating Source (Electric), Unit 1(Baseboard), Unit 2(Baseboard), Unit 3(Baseboard), Unit 4(Baseboard), Unit 5(Baseboard), Unit 6(Baseboard)
- InteriorFeatures: Walls (Dry Wall)
- Appliances: Water Heater (Electric)
- Cooling: Unit 1(Window Unit(s)), Unit 2(Window Unit(s)), Unit 3(Window Unit(s)), Unit 4(Window Unit(s)), Unit 5(Window Unit(s)), Unit 6(Window Unit(s))
- Utilities: Separate Metered
- TaxBookNumber: 342/106
Services availability

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