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.