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Sold for $285,000 on 10/04/24
  • $285,000

    707 Old Shakertown Rd, Danville, KY 40422

    4beds
    2,838sqft
    Multi Family
    Built in 1922
    -- sqft lot
    $295,300 Zestimate®
    $100/sqft
    $965 Estimated rent

    What's special

    Current owners got zoning changed to RM-3 which makes this an ideal (and rare) multi-family housing property. RM-3 allows up to 8 units per building (which would mean 62 units plus the home in place). This property is one of the only properties with this zoning, which makes it the ideal property for investors and builders looking to expand the housing options in Danville. At this price point, land cost per unit is under $5300 at 62 units. 2024-10-07

    Zillow last checked: 7 hours ago

    Bought with:

    Rector Hayden REALTORS - Lexington

    Source: Rector Hayden REALTORS Solds,MLS#: 24007923

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Interior area
    • Total structure area: 2,838
    • Total interior livable area: 2,838 sqft

    Property

    Lot
    • Size: 4.31 Acres
    Details
    • Parcel number: 04500001

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1922

    Community & neighborhood

    Location
    • Region: Danville
    Services availability