Property Description

RARE INCOME-PRODUCING INVESTMENT PORTFOLIO ??? 10 UNITS ON 11.70 ACRES IN WHITLEY COUNTY, KY! This exceptional dual-property package offers serious investors an immediate cash-flowing rental portfolio generating $7,250 per month ($87,000 annually) in gross rental income at a strong 8.03% cap rate with a gross rent multiplier of just 7.47x. Property 1 is a duplex apartment building situated on 0.50 acres at 3641 W Highway 204 in the Canadatown community, featuring two rental units each currently leasing at $575 per month. Property 2 is an 11.2-acre farm tract located at 225 Highway 895 in the White Town community, home to 8 manufactured homes with rents ranging from $700 to $850 per month. The income breakdown is as follows: 2 duplex units at $575/mo each, 1 manufactured home at $700/mo, 5 manufactured homes at $750/mo each, 1 manufactured home at $800/mo, and 1 manufactured home at $850/mo. Both properties are located within the Whitley County School District and are served by Cumberland Valley Electric. The 11.2-acre tract at 225 Highway 895 offers additional land for future expansion or development. Whether you are a seasoned investor looking to add a stabilized multi-unit portfolio to your holdings or a first-time investor seeking strong rural Kentucky cash flow, this package delivers immediate returns with significant upside potential. Both properties are being sold together as a single package ??? no split sales. All square footage is estimated and must be verified by the buyer to their own satisfaction. Buyer to verify all rents, leases, utilities, boundaries, and zoning. Do not disturb tenants. All showings by appointment only through listing agent.

Property Features