502 College Avenue Paducah, KY 42001

Attention Investors! Low-maintenance and well-maintained 6-unit investment property located in the heart of Lone Oak for sale. Each apartment features 2 bedrooms and 1 bathroom. Five of the six units have been upgraded to LVP or laminate flooring and have been freshly painted with new tenants. Over ...the years, the property has seen significant updates, including a new metal roof in 2014 and recent repainting and weatherproofing of the front stairs. Current rents are well below market rates, as tenants have been long-term and are now on month-to-month leases. Several rent increases are planned starting January 2025. Market rates range from $850-$950 or more for short-term or furnished rentals. Rent roll, pro-forma and financials available. Continue reading