202 Case Ln, Crittenden, KY 41030, USA

$ 389,000.00

Unique Eight Unit Apartment Building on two levels in Crittenden KY. With easy access to I-75 you are close to everything Northern Ky. has to offer (except the traffic). The 4 units on the left are 2 bedroom with one full bath, and the 4 units on the right are 1 bedroom with one full bath. There is also a common laundry area located on the premises. This complex is a USDA Section 515 development, with a 1% assumable loan program as an option to a qualified buyer. The tenant base is stable with the average rental time per tenant being is excess of 6 years. Rental contracts are for a one year period and are up for renewal on the anniversary date of original rental. Tenant rents are based on an income formula by USDA and are not subsidized. Tenants pay for own electric and landlord pays for water, sewer, and trash. USDA Section 515 information is available upon request. Purchaser is not locked in to USDA requirements as leases renew unless they choose the Section 515 purchase option.

Basic Facts

MLS #: 20023706 Date added: 09/06/21 Type: Status:
Bedrooms: 12 Bathrooms: 8 Full Baths: 8 Area: 6336.00 sq ft
Lot size: 0.6200 acres Year built: 1986 Post Updated: 2021-09-20 14:40:34

Rooms&Units Description

Unit Info: # of Units: 8

View on map / Neighborhood

Location Details

County: Grant Grant
Area Desc: 034 - Grant County
Directions: Take I-75 South to exit 166(Crittenden). Turn left onto Ky-491(Violet Rd). Go 3 blocks and turn left onto US-25(N Main St). Go a short distance and turn right onto Case Lane. 202 Case Lane will be on your left.
School District: Grant County - 34
Elementary School: Crittenden
Intermediate School: Not Applicable
Middle or Junior School: Grant Co
High School: Grant Co

Property Details

Lot Front Footage: 160
Lot Depth: 172
Lot Expan Potential: No
Subdivision: Rural
SqFt Info: Storage Square Footage: 85
SqFt Info: Laundry Square Footage: 100
SqFt Info: Common Area Square Footage: 868
Number of Buildings: One
Number of Stories: Two
Terms: Option,Sale
Possession: Subject to Tenant Rights

Property Features

Property Amenities: Coin Laundry
Roof: Shingle
Cooling: Electric
Heating: Electric,Forced Air
Parking: 11 - 20 Spaces
Sprinklers: None
Utilities: Electricity: Electricity Connected

Miscellaneous

Miscellaneous Info: Age of Roof: 20
Financial Info: Gross Scheduled Rental Income: 37296
Financial Info: Other Income: 1850
Financial Info: Total Gross Income: 39146
Financial Info: Total Annual Debt Service: 6624
Financial Info: Property Insurance: 3064
Financial Info: Property Management: 4140
Financial Info: Real Estate Taxes: 4721
Financial Info: Repairs & Maintenance: 2258
Financial Info: Rubbish Services: 478
Financial Info: Sewer & Water: 3328
Financial Info: Total Operating Expenses: 28726
Financial Info: Supplies & Purchases: 885
Financial Info: Electric: 828

Courtesy of

Office Name: RE/MAX Creative Realty
Office ID: 20180519171525054084000000
  • Company: Kentucky Prime Realty, LLC

Matt Mitchell, Principal Broker, GRI, ABR, ePRO, a native of Mercer County, has worked his entire life in the field of agriculture. Raised on a 7,000+ acre beef cattle, grain, and hay operation, he spent 15+ years as successful farm manager in Boyle and Oldham Counties specializing in commercial and registered cattle along with extensive grain and hay programs. Matt’s current focus and passion is assisting buyers and sellers in all types of real estate. Matt and his wife, Cassie, live in central KY with their two boys.

Disclaimer

The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification. All measures are approximate.

This is located at 202 Case Ln, Crittenden, KY 41030, USA, is categorized under , and has been listed on KY Prime Realty. This property is listed at $ 389,000.00. It has 12 beds bedrooms, 8 baths bathrooms, and is 6336.00 sq ft. The property was built in 1986.