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1508 W FOURTH ST
OWENSBORO, KY 42301-1915
Asking Price
$275K
Cap Rate
12%
Asset Type
Land
Class
Class B
What's Special
Multi use Investment property <p><span style="color: rgba(42, 42, 51, 1)">Investment opportunity in the heart of Owensboro. This unique package includes 1508 and 1510 W. 4th Street and is zoned B-4, offering endless possibilities for residential, commercial or mixed-use development. The property at 1508 features an 850 sq ft 2-bedroom, 1 bath home along with a 1200 sq ft commercial building with bathroom on site. The adjoining vacant lot at 1510 W 4th provides additional room for expansion, parking, new construction or inves
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NOI
$80,000
Cap Rate
29.09%
DSCR
4.90
Strong
Cash-on-Cash
77.18%
Monthly Payment
$1,360.55
Annual Cash Flow
$63,673.401
