Shelbyville, KY 4-Plex Patio Home Development For Sale

[Sean Williams]

Brick Patio Home complex situated at the end of a quiet Cul-De-Sac in an established residential neighborhood. Seller currently owns 4 separately deeded condos and is selling entire complex - could potentially be reclassified as a multi-family quadplex. Each unit has approx. 2,500+/- livable sqft, 3 Beds, 3 Full Baths, 2 car garage and two Master Bedroom options (1st or 2nd floor). There is some variation between units, but overall property is in great shape (built in 1999) and each unit has its own laundry room.

Would be ideal for investor seeking cash flow, a 1031 Tax Exchange -OR- possibly someone willing to invest in upgrades and sell each unit individually for a profit.

Currently 3 of the units are rented, the 4th just had a vacancy within the past week but is already receiving calls from prospective tenants. These have always been easily rented, however are likely below market rent ($1,200 +/-) and are on short-term leases. Sellers prefer not to be landlords. Potential gross profits of $4,800/month ($57,600/year) if managed properly.