707 Old Shakertown Road, Danville, KY 40422

$325,000 Asking Price

4 beds
2 baths
2,838  sqft

Current owners got zoning changed to RM-3 which makes this an ideal (and rare) multi-family housing property. RM-3 allows up to 8 units per building (which would mean 62 units plus the home in place). This property is one of the only properties with this zoning, which makes it the ideal property for investors and builders looking to expand the housing options in Danville. At this price point, land cost per unit is under $5300 at 62 units.


Features & Amenities

Interior

Appliances:
None
Laundry:
Electric Dryer Hookup,Washer Hookup
Basement:
Unfinished,Walk-Up Access
Flooring:
Hardwood
A/C:
Window Unit(s)
Heating:
Natural Gas

Exterior

General:
Porch,Storm Door(s)
Style:
Ranch

Construction

Windows:
Screens
General:
Three Or More

Location

School District:
Danville City - 126
County:
Boyle

Lot

Zoning:
045-00001
View:
Neighborhood,Rural
Fencing:
Chain Link

Utilities

Water:
Public
Sewer:
Public Sewer,Septic Tank

This listing courtesy of:
Rector Hayden Realtors

About Danville, KY

Housing

Number of Units
10,085
Median Home Value
$169,430
Median Rent
$571

34.82% of housing units are renter occupied.

9.51% are vacant.

Commute

Car
86.35%
Public Transportation
0.49%
Walk to Work
3.43%
Work from Home
9.30%
Other
0.20%

The median travel time to work is 19 minutes.

People

Population
26,266
Median Age
39.40
Median Household Size
2.54

Education

High School
30.91%
Associate’s Degree
6.77%
Bachelor’s Degree
14.60%
Graduate Degree
13.75%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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