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1800 Victory Lane
Prospect, KY 40059
Asking Price
$3.40M
Asset Type
Multifamily
Class
Class B
What's Special
Multifamily | 8 Units <ul><li>Eight completed townhome condominiums</li><li>Eight approved future townhome units</li><li>R-4 zoning</li><li>Condominium ownership structure</li><li>Prospect, Kentucky location (strong demographic profile)</li><li>Attached garages</li><li>New construction</li><li>Multiple exit strategies</li><li>Approved future development rights</li><li>1 unit leased, 7 vacant move-in ready units available</li></ul>
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NOI
$80,000
Cap Rate
2.35%
DSCR
0.40
Underwater
Cash-on-Cash
-11.95%
Monthly Payment
$16,821.345
Annual Cash Flow
$-121,856.139
