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Archived over 2 years ago

$229,000

8+ bd 4+ ba 0 sqft

15 Lick Creek Rd, Whitley City, KY 42653

Residential Quadplex Occupied

Current Rent **

$1,081

Projected Rent **

$1,440

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $360
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $360
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $360
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 4 Details
  • Current Rent: $1
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Two 4-Plex Units sold as a package for $478,000

Here is your investment package you have searched for! You can purchase these Two 4-Plex buildings for $458,000

Property 1 in package:
15 Lick Creek Rd, Whitley City, KY 42653
Washer and Dryers in each unit at 15 Lick Creek (description in details section for this building Only, the manager lives in 4th unit for free to manage property) - 2,088 Sq. Ft. Two Story Apartment Building 0.58 Acres Tax ID 104300401600 Deed Bk 209 Page 723 4 Unit building 2 Bedroom per unit (8 Total ) 1 Full Bath per unit ( 4 Total ) Gross Rental Income: $1,080 Baseboard Heat / Wall Unit Cooling. All Units on month to month lease.

Sold in tandem with 358 State HWY Garage Rd., Whitley City, KY. 42653 -

Secondary Property in package:
358 State HWY Garage Rd., Whitley City, KY. 42653- 2,332 Sq. Ft. Two Story Apartment Building 0.45 Acres Tax ID 121100302000 Deed BK 209 Page 723 4 Unit building 2 Bedroom per unit (8 Total ) 1 Full Bath per unit ( 4 Total ) Gross Rental Income: $1,520 Water: $144 Baseboard Heat / Wall Unit Cooling One unit has a Washer and Dryer (the other three do not) All Units on month to month lease.

Check out the full listing and video on the MLS listing below:
https://www.flexmls.com/share/8ba3y/15-Lick-Creek-Rd-Whitley-City-KY-42653

Location:

15 Lick Creek Rd, Whitley City, KY 42653

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.