Fully renovated 5-unit multifamily complex in Danville, KY producing $3,600 in gross monthly rent. Turnkey property with updated systems, strong tenant history, and professional management potential.
Excellent opportunity to acquire a renovated 5-unit multifamily investment located in Danville, Kentucky — one of Central Kentucky’s most consistent rental markets. This property combines stable income, modern improvements, and a prime in-town location close to major employers and schools.
Each unit has been thoughtfully updated with new flooring, paint, appliances, and HVAC systems, providing a low-maintenance, high-cash-flow investment. With $3,600 in gross monthly rent, the property offers immediate income and the security of a strong tenant base.
The property sits within minutes of Centre College, Ephraim McDowell Regional Medical Center, and downtown Danville’s retail corridor, providing constant rental demand from both working professionals and students.
Whether you’re expanding an existing portfolio or completing a 1031 Exchange, this asset offers solid returns and long-term value in a growing regional market.
Total Units: 5
Gross Monthly Rent: $3,600
Renovated interiors and updated mechanicals
Zoning: Residential / Multifamily
Fully leased with stable tenants
Prime in-town location near Centre College and hospital
Low-maintenance investment – new HVAC, flooring, and appliances
Ideal for cash-flow or 1031 exchange investors
Projected Cap Rate: 7–8% range
This 5-unit property provides a dependable cash-flow opportunity in Danville’s high-demand rental market. Recent capital improvements significantly reduce ongoing maintenance costs while allowing investors to capture strong returns from day one.
With its proven rental history and close proximity to schools, healthcare, and major roadways, this property represents a stable, income-producing investment in a market with limited multifamily supply and consistent appreciation potential.
Full Address:318 Harding St, Danville, KY 40422, USA