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.