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278 Weslee Way

6 Unit Block of Flats £430,815 (£71,802/Unit) 9.83% Net Initial Yield Hazard, KY 41701

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Investment Highlights

Building has been continuously maintained and updated.
NOI ±$54,048 at ±100% occupancy.

Currently fully occupied, the property boasts a strong historical occupancy showcasing the properties viability and market demand.

Executive Summary

6-Unit apartment building situated in the heart of Hazard, KY with an attractive unit mix to accommodate single renters and families. Located in the bustling commerce center of the region, offering access to essential amenities, entertainment, employment, and roadways.

Brochure

Property Facts

Price	£430,815	Building Class	C
Price Per Unit	£71,802	Lot Size	4.13 AC
Sale Type	Investment	Building Size	6,000 SF
Net Initial Yield	9.83%	Average Occupancy	100%
No. Units	6	Number of Floors	2
Property Type	Residential	Year Built	1994
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£430,815
Price Per Unit	£71,802
Sale Type	Investment
Net Initial Yield	9.83%
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	4.13 AC
Building Size	6,000 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1994
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
3+1.5	6	-	-

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zoning

Zoning Code	R-1
R-1

Listing ID: 33207590
Date on Market: 17/09/2024
Last Updated:
Address: 278 Weslee Way, Hazard, KY 41701

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