Property Description

Investor Opportunity in Florence! Eight townhome units at 7402-7416 Shenandoah Dr--well-maintained with solid rental history. Mostly month-to-month leases offering flexibility to raise rents to market rates. Mix of 1-4 bedroom units, each with private patios and washer/dryer hookups. Tenants pay all utilities. Landlord pays for storm water and trash pick up. Conveniently located near schools, shopping, and major highways. Excellent addition to any investment portfolio!

7402 Shenandoah Drive | MLS# 637664

This multi-family property located at 7402 Shenandoah Drive, Florence, KY 41042 is currently listed for sale with an asking price of $1,000,000. Shenandoah Drive is located within the Boone Co Public school district. Search Florence real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: Central Air

Days on Market: 189

Heating: Natural Gas, Forced Air

Lot Size: 1.35 Acres

Roof Type: Shingle

Year Built: 1970

Feature Descriptions

Appliances: Electric Range, Dishwasher, Refrigerator

Exterior: Brick, Vinyl Siding

Foundation: Slab

Interior: Storage, Eat-in Kitchen

Laundry: In Unit

Lot: Near Public Transit

Lot Dimensions: 273x225

Owner Pays: Sewer

Parcel Number: 061.09-28-001.00

Parking: Parking Lot, Off Street

Patio/Porch: Patio, Porch

Property Condition: Existing Structure

Security: Smoke Detector(s)

Sewer: Public Sewer

Special View Info: Valley

Structure Type: Apartment

Sub Type: Apartment

Tenant Pays: Electricity, Gas, Heat, Water

Units: 8

Utilities: Cable Available

Water: Public

Window: Insulated Windows, Vinyl Frames

Local Schools

High School: Boone County High

Middle School: Jones Middle School

Elementary School: Collins Elementary

School District: Boone Co Public

Demographics

Boone County Demographic Information for 7402 Shenandoah Drive, Florence, KY 41042

Fips

Fips Code 21015

Population

2020 to 2025 Change up 6.9%

2010 Count 118,811

2020 Count 135,968

2025 Estimate (V2025) 145,316

2020 Estimate (V2025) 135,988

Age Distribution (Years Old)

0 to 4 5.4%

5 to 17 24.5%

18 to 64 53.9%

65 and Older 16.2%

Gender

Male 49.8%

Female 50.2%

Place of Birth

Foreign 6.3%

US 93.7%

Education

High School Graduate, Age 25+ 93.4%

Bachelor's Degree or Higher, Age 25+ 35.7%

Computer and Internet use

Households with a computer 96.3%

Households with a broadband Internet subscription 93.8%

Language

English is Second Language, Age 5+ 8.8%

English is First Language, Age 5+ 91.2%

Veterans

Veterans 8,130

Income

Per Capita Income $46,264

Median Household Income $99,414

People in Poverty 7.5%

Commute

Average Work Commute Time 25 minutes

Housing

Total Housing Units 53,449

Households 50,963

Average Household Size 2.72

Owner-Occupied 76.3%

Multi-Family 21.9%

Owner-Occupied Median Value $277,300

Median selected monthly owner costs -with a mortgage $1,656

Median selected monthly owner costs -without a mortgage $582

Median gross rent $1,373

Building Permits

New Private Housing Issued 2024 1,430

Years at Residence

1 Year or More 87.6%

Less Than 1 Year 12.4%

Business and Employment

Private non-farm Establishments 3,163

Private non-farm Employment 88,138

Private non-farm Employment Growth up 1.9%

Nonemployer Establishments 9,545

Number of Firms 2,327

Business Production

Value of Shipments $4,702,457,000

Wholesale Trade $37,571,250,000

Retail Trade $4,772,007,000

Retail Sales Per Capita $20,797

Accommodation and Food Services $403,126,000

Land

Land Area 246.36 sq. miles

Population Per Square Mile 483

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 5,374.55 per month $5,082.88 Principal & Interest $0.00 Property Tax (data not provided by mls) $291.67 Homeowner's Insurance

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7402 Shenandoah DriveFlorence, KY 41042