512 Robert and Mary St Ave, Grayson, KY 41143

$1,200,000
Property Type: Commercial Sale Lot Size (sq. ft.): 82,328 Status: Closed
Current Price: $1,200,000 List Date: 10/14/2020 Last Modified: 9/03/2025

Overview

Description

Section 42, LIHTC with extended agreement in place until 2028. Investment opportunity with lower than market rents. 32 Unit Townhomes with 16 -2/1.5 and 16 -3/1.5 100% Occupied. Newly paved parking lot. Each unit has approx 966-1090 Sq/Ft with washer/dryer hookups, outside concrete patio and enclosed storage area. Office area and playground on location. Office staffed 2 Days a Week. Great in town location, convenient to shopping, banking and restaurants. Connects to East Carter Middle School. Less than 1 mile from Ky Christain University. Less than 2 miles to Smithfield Foods (570 employees). Easy 30 minute commute to Kings Daughter Hospital in Ashland. Call agent for more information.

Listing Details MLS# 20021318

Status Change Information

Status Change Timestamp
2020-12-24
Purchase Contract Date
2020-11-19
Close Date
2020-12-23
Close Price
1200000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Carter
Street Number
512
Street Name
Robert and Mary St Ave
State
KY
Zip Code
41143

Contract

Original List Price
1200000
Start Showing Date
2020-10-13
Listing Contract Date
2020-10-13
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
SP/LP
Yes

Tax Legal

MLS Area Major
080 - Carter County
Subdivision Name
Commercial

Parking Information

Parking Total
55

Building

Year Built
1998
Stories Total
2

More Information

Lot

Lot Size Acres
1.89
Lot Size Square Feet
82328.48

Utilities

Cooling YN
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
Section 42, LIHTC with extended agreement in place until 2028. Investment opportunity with lower than market rents. 32 Unit Townhomes with 16 -2/1.5 and 16 -3/1.5 100% Occupied. Newly paved parking lot. Each unit has approx 966-1090 Sq/Ft with washer/dryer hookups, outside concrete patio and enclosed storage area. Office area and playground on location. Office staffed 2 Days a Week. Great in town location, convenient to shopping, banking and restaurants. Connects to East Carter Middle School. Less than 1 mile from Ky Christain University. Less than 2 miles to Smithfield Foods (570 employees). Easy 30 minute commute to Kings Daughter Hospital in Ashland. Call agent for more information.

Showing Information

Showing Instructions
Call Listing Agent 606-356-8518

Tax & Legal

Tax Rate
10.7025
Zoning Description
Commercial
Directions
From Huntington on I-64, Exit 172 for Grayson, Lt on Carol Malone Blvd (Ky-7), Lt on E 4th St. Lt on Midland Trail, Right into Townhomes of Grayson.

Construction Materials

Block
Yes
Brick
Yes
Vinyl Siding
Yes
Wood Siding
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Standard
Yes

Water Heater

Water Heater
Yes

Building Features

Partially Carpeted
Yes
Vinyl Flooring
Yes

Business Type

Other
Yes

Ceiling

Drywall
Yes

Docks

None
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Tenant Pays

Electricity
Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Building Features: Partially Carpeted; Vinyl Flooring Business Type: Other Ceiling: Drywall Construction Materials: Block; Brick; Vinyl Siding; Wood Siding Docks: None Parking Features: Paved Possession: Close Of Escrow; Negotiable Roof: Shingle Sale Includes: Building(s); Land Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Electricity Water Heater: Water Heater
Listing Office: Lifstyl Real Estate
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.