Brick constructionNewer metal roofIndividual heat pumps
10-Unit Multifamily Investment Opportunity | 701 S. Webster St., Morganfield, KY
Exceptional opportunity to acquire a 10-unit multifamily property offering stable income with additional upside. Currently 9 of 10 units occupied, this property benefits from USDA Rental Assistance, providing consistent rental income and reducing vacancy risk.
The property consists of approximately 6,000 square feet with 12 bedrooms and 10 bathrooms, making it an attractive option for investors seeking long-term cash flow. One vacant unit provides immediate value-add potential through lease-up.
Recent ownership has maintained the property, and it features individual heat pumps, a newer metal roof, and recently installed sewage lift pumps (per seller). Financials, rent roll, and additional due diligence documents are available to qualified buyers.
Property Highlights
10 Apartment Units
Approximately 6,000 Sq. Ft.
Built in 1992
9 of 10 Units Occupied
USDA Rental Assistance Income
Individual Heat Pumps
Newer Metal Roof
Recent Sewage Lift Pump Upgrades
Brick Construction
Strong Value-Add Opportunity
Asking Price: $514,990
Investment package, rent roll, financial statements, and property photos available upon request.
For additional information or to schedule a showing, contact:
Randy Wagner
Smoky Mountain Homebuyers LLC
?? 865-299-2483
?? randy.smhb26@gmail.com
What the owner loves about this home
What I love most about this multifamily property is the combination of stable occupancy, government-assisted rental income, and immediate upside. With 9 of 10 units currently occupied, the property already produces income, while the vacant unit gives a new owner an opportunity to increase revenue quickly.
The brick construction, individual heat pumps, newer metal roof, and recent sewage lift pump improvements also make this an attractive long-term hold with limited near-term capital needs. At approximately 6,000 square feet and priced at $514,990, it offers a compelling entry point for an investor seeking steady cash flow and room to improve performance over time.
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Listed by:
Property Owner(865) 299-2483
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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