Washington St and Boone Station Rd, Shelbyville, KY 40065 - multi-family property

Detailed information about multi-family property which situated in Shelbyville (40065) city, Kentucky state on Washington St and Boone Station Rd.
Property is approximately 1.8 miles from I-64 and one of only two mobile home parks in Shelby County.

Additional Information: Property consists of approximately 9.04 acres located at one of the county's major intersections, zoning is agricultural and C-2. Historically low vacancy rate. Includes 51 mobile home lots, 6 RV lots, 3 rental homes and a duplex. Park has many long term tenants and mobile home sites are separately metered for electricity and sub-metered for water and sewer. There is upside potential as rental rates are currently below market rates. Property also has probable highest and best use as commercial development opportunity with re-zoning.• 8% CAP• 51 Mobile Home lots, 6 RV lots, 3 Rental homes, 1 duplex• Future commercial development potential with zoning change and good cash flow in the meantime• Approximately 1.8 miles to I-64 and good access to Hwy 60, Hwy 55 and Hwy 53• Low vacancy rates• One of only two Mobile Home Parks in Shelby County• 1.3 Acre tract with US 60 frontage available, price to be negotiated.