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618 E Waverly St
Morganfield, KY 42437

$1,790,000 USD

Apartments For Sale  •  24,900 SF

Property Details

  • Property Type Apartments
  • Total Building Size 24,900 SF
  • Lot Size 2.95 AC
  • Building Class C
  • Year Built 1972
0 Transit Score
36 Walk Score

Highlights

Entry cap rate approximately 8.97% at offering price
100% occupied with stable in-place income
Current NOI: $160,527
Current average rents approx. $650 vs market rents $695
Offered at basis significantly below estimated replacement cost
Limited competing townhome inventory within submarket

Amenities

  • Air Conditioning
  • Washer/Dryer Hookup
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Vinyl Flooring
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Evansville Regional 56 min - 37.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Gerri Bowers 270-991-9093 Star Property Management
Gerri Bowers 270-991-9093 Star Property Management