125-135 E Walnut Street, Danville, KY 40422

$975,000
Property Type: Residential Income Bedrooms: 2 Baths: 1 Lot Size (sq. ft.): 40,075 Status: Closed
Current Price: $975,000 List Date: 1/04/2023 Last Modified: 8/26/2025

Overview

Description

Fantastic opportunity to own almost an acre in the downtown Danville area by Historic Constitution Square. Bonus: 2 apartment buildings with 16 rentable units and basement space that could be finished into some type of usable space. Walking distance to Main Street, restaurants, shops, banks, etc...AND Centre College.Recent updates include new flooring, paint in both hallways in each building. New front doors on each building. New front concrete steps and porch on 125. New back concrete sidewalk and ramp on 125. New back concrete ramp and sidewalk at 135. Cut down approximately 15 trees opening up the property and cleaned out the entire fence row behind both buildings. Hauled in dirt and leveled the back area of both buildings. In the past 5 months approximately 5 units have been updated with new carpet, paint. Non paying tenants have been moved out and rent has been adjusted to current market rent as leases expire and as new tenants come in. Each apartment is 2 bedroom/1 bath and rent ...

Listing Details MLS# 23000209

Listing Information

Comp Sale YN
No
Property Sub Type
Apartment

Status Change Information

Status Change Timestamp
2023-02-28
Purchase Contract Date
2023-01-19
Close Date
2023-02-28
Close Price
975000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
None

Address

County
Boyle
Street Number
125-135
Street Direction Prefix
E
Street Name
Walnut
Street Suffix
Street
State
KY
Zip Code
40422
Directions
Downtown Danville to Second Street, left on E. Walnut. Apartments are on left.
Parcel Number
D08-015-008

Contract

Original List Price
1150000
Start Showing Date
2023-01-04
Listing Contract Date
2023-01-04
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
1250000
Sold Price/Acre
1059782.61
SP/LP
0.85

Tax Legal

MLS Area Major
012 - Boyle County
Subdivision Name
Downtown
High School District
Boyle County - 12

Interior

Bedrooms Total
2
Bathrooms Total
Yes
Bathrooms Full
Yes

More Information

Parking Information

Parking Total
20

Building

Year Built
1976
Stories Total
2

Lot

Lot Size Acres
0.92
Lot Size Square Feet
40075

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
Fantastic opportunity to own almost an acre in the downtown Danville area by Historic Constitution Square. Bonus: 2 apartment buildings with 16 rentable units and basement space that could be finished into some type of usable space. Walking distance to Main Street, restaurants, shops, banks, etc...AND Centre College.Recent updates include new flooring, paint in both hallways in each building. New front doors on each building. New front concrete steps and porch on 125. New back concrete sidewalk and ramp on 125. New back concrete ramp and sidewalk at 135. Cut down approximately 15 trees opening up the property and cleaned out the entire fence row behind both buildings. Hauled in dirt and leveled the back area of both buildings. In the past 5 months approximately 5 units have been updated with new carpet, paint. Non paying tenants have been moved out and rent has been adjusted to current market rent as leases expire and as new tenants come in. Each apartment is 2 bedroom/1 bath and rent is being adjusted at lease renewals and as new tenants arrive to $750-$850.

Showing Information

Showing Instructions
Empty units can be shown with a few hours notice. Occupied units will require 48 hours notice with no showings on weekends unless special arrangements made.

Property Features

Cooling: Electric; Window Unit(s) Heating: Ceiling; Electric Possession: Close Of Escrow Roof: Shingle Special Listing Conditions: Standard Structure Type: Multi Family
Listing Office: RE/MAX Elite Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.