512 Robert and Mary St Ave, Grayson, KY 41143

$1,200,000
Property Type: Residential Income Lot Size (sq. ft.): 82,328 Status: Closed
Current Price: $1,200,000 List Date: 11/19/2020 Last Modified: 8/26/2025

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# 20024224

Status Change Information

Status Change Timestamp
2020-12-24
Purchase Contract Date
2020-11-20
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
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.

Contract

Original List Price
1200000
Start Showing Date
2020-11-19
Listing Contract Date
2020-11-19
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
634920.63
Sold Price/Acre
634920.63
SP/LP
Yes

Tax Legal

MLS Area Major
080 - Carter County
Subdivision Name
Commercial
High School District
Carter County - 80

Building

Year Built
1998

Lot

Lot Size Acres
1.89
Lot Size Square Feet
82328.48

More Information

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.

Tax & Legal

Zoning Description
Commercial

Interior

Bathrooms Half
0
Listing Office: Lifstyl Real Estate
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.