Investment Opportunity located near the Murray State Campus. Two of the four units have been updated and two of the units have had long term tenants. All units have their own laundry area that is out in the parking section of the duplexes. Each unit does have a carport area. Units contain 2 bedrooms and 1 bath.
Great property within walking distance of Murray State University and downtown Murray. Entering the front door you will be amazed at the size of the Great Room. Plenty of space for friends and family. To the left is a spacious eat-in kitchen, all appliances remain including a conveniently placed washer and dryer. Back through the Great Room are two bedrooms with a bath and two bedrooms with a bath between them. The exact floorplan is the other side of this lovely property. Behind the duplex is a large well maintained garage with two separete bays providing interior parking for each side of the duplex.
4-PLEX that is very well cared for with 2 units with 2 bedrooms and 2 units with 3 bedrooms. Flooring is upgraded, all units have appliances furnished and many of the walls and ceilings updated. Complex was built with an owner living in one of the units which would be a great opportunity for the new owner to secure owner occupant financing instead of invertor rates. The property is zoned R-5 and there are 2 extra lots included with property. The City of Murray zoning guidelines are attached. All units are separated by a firewall that goes through the attic to the roof. Tenant and rental history are available.
Seize this unique multi-family housing opportunity in Calloway county! Formerly college housing, this property is ripe for conversion into student or single-person accommodations. The main building features 24 potential bedrooms, most with closets already installed! Downstairs features a full kitchen, 2 bathrooms, bedrooms & communal living/dining areas. Upstairs features additional bedrooms, two baths a kitchenette & common spaces. The rear building adds 6 more bedrooms, a kitchen, two bathrooms, and a central common area. Plus, a detached 4-bed, 3-bath house with a basement & attached garage offers flexibility to rent by room or as a whole. There is a vacant lot in between for further expansion or development. Ideal for income generation!
The median home value in Murray, KY is $260,000. This is higher than the county median home value of $132,000. The national median home value is $219,700. The average price of homes sold in Murray, KY is $260,000. Approximately 32.51% of Murray homes are owned, compared to 47.43% rented, while 20.06% are vacant. Murray real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Murray real estate agent to arrange a tour today!
Murray, Kentucky has a population of 18,900. Murray is less family-centric than the surrounding county with 29.62% of the households containing married families with children. The county average for households married with children is 31.08%.
The median household income in Murray, Kentucky is $27,282. The median household income for the surrounding county is $39,269 compared to the national median of $57,652. The median age of people living in Murray is 25.4 years.
The average high temperature in July is 88.9 degrees, with an average low temperature in January of 25.9 degrees. The average rainfall is approximately 53 inches per year, with 8.4 inches of snow per year.