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
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
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