2150 Irvin Cobb Drive, Paducah, KY 42003
sale
$4,500,000
|
Other
Courtesy Of LP Real Estate Services LLC
Southside Square Apartments | Paducah, Kentucky Exceptional Investment Opportunity in Paducah's Southside! Southside Square Apartments presents an outstanding investment opportunity in Paducah's Southside, offering a completely renovated multifamily property with additional commercial potential. Renovated in 2025, this 38-unit apartment complex features 27 one-bedroom apartments averaging approximately 850 square feet and 11 two-bedroom apartments averaging approximately 1,050 square feet. Each unit is individually metered and showcases granite countertops, stainless steel appliances, and luxury vinyl plank flooring. Situated on 4.6 acres, the property offers room for future expansion and an impressive 276 feet of road frontage, providing excellent visibility, accessibility, and signage opportunities. Located in Paducah's Southside, the property benefits from access to established residential neighborhoods, local businesses, and the amenities and services of the greater Paducah area. Adding even more value is a separate commercial building lot measuring just under 6,000 square feet, with utilities available for hookup. This additional opportunity is ideal for a restaurant, coffee shop, or other complementary business, offering the potential to capitalize on passing traffic and serve the surrounding community. Day-to-day operations are supported by an on-site maintenance person who handles repair requests, apartment turns, and unit cleanouts, providing a practical operational advantage for ownership. With 38 renovated apartment units, substantial acreage, excellent road frontage, and additional commercial development potential, Southside Square Apartments offers investors an opportunity to acquire a versatile income-producing property with room to grow in Paducah, Kentucky.
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Property Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Cooling System: Ductless
- Cooling System: Electric
- Cooling System: Wall Unit(s)
- Heating System: Electric (Heating)
- Heating System: Ductless (Heating)
- MLSID: 26029797
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