2 months on rocket

423 S 8th St, Murray, KY, 42071

$40,000

Home List Price

$475*

Closing Credit

0 Baths
Multi

Location

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423 S 8th St, Murray$40,000

Buyer Closing Credits

$475*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
MLS #129233
Lot Size0.46 Acres
StatusActive

About 423 S 8th St

Opportunity awaits! This 3-unit apartment complex is perfect for savvy investors looking for their next project. Distressed and in need of TLC, this property sits on a deep lot, offering tons of potential for renovation, expansion, or redevelopment. With the right vision, this property could shine again and provide strong rental income. Don’t miss out on this incredible investment opportunity! Property is being Sold in AS IS condition. This is a Foreclosed property.

Property Details

Property Features

Property Information:

  • Stories: 2

Listing Office:

  • Office Name: Hometown Realty & Property Management, LLC
  • Listing Agent: Bonnie Byerly

Lot Features

Lot Information:

  • Lot Size: 0.46 Acres

Other

Directions Information:

  • Directions: Take 12th South from corner of 12th and Main travel to Sycamore turn left onto Sycamore then travel to 8th Street, and turn left onto 8th Street. Property will be on the Right. Sign in the yard

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,000

Tax Information:

  • Annual Amount: $177
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Murray, KY.

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Murray, KY

City

Med. Sold Price

$228.5K

Med. Price/SqFt

$136

# of Sold Homes

14

423 S 8th St vs Murray

62 DAYS ON ROCKET

$40,000

-$188.5K Less

KEY TAKEAWAY

This property is $188.5K less than the Median Sold Price in Murray, KY.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #129233

Listing Office:

  • Office Name: Hometown Realty & Property Management, LLC
  • Listing Agent: Bonnie Byerly

IDX Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 27, 2018Home Sold
$48,500
Feb 14, 2017Home Sold
$55,000

Tax History

YEARPROP. TAXASSESSMENT
2020$177$48,500
2018$198$55,000
2017$856$60,000

History based on county public records data.

Payment Calculator

$267

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$186

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-9842
10
/10

  • Murray Elementary School

  • 111 S Broach St

  • 1.00 miles

  • Public District Grades PK-3

school-card-donut-9843
7
/10

  • North Calloway Elementary School

  • 2928 Brinn Rd

  • 3.37 miles

  • Public District Grades KG-5

school-card-donut-9844
7
/10

  • East Calloway Elementary School

  • 1169 Pottertown Rd

  • 3.95 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,866. Most Murray, KY residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Murray, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Murray, KY.

The housing landscape in Murray, Calloway, Kentucky, is characterized by a mix of single-family homes and apartment complexes, with single-family homes being the more prevalent option. Architectural styles in the area range from traditional to contemporary, reflecting the town's blend of historic charm and modern growth. The majority of homes were built in the latter half of the 20th century, with a steady increase in new construction to accommodate the growing population. The homeownership rate in Murray is robust, with a significant portion of residents owning their homes, while the remainder of the population opts for renting, indicating a balanced housing market.

What is it like to live in Murray, KY?

Murray is celebrated for its small-town atmosphere and strong sense of community. The town prides itself on its annual events, such as the Freedom Fest and the Murray Ice Cream Festival, which showcase the local culture and bring residents together. The community's character is further defined by its commitment to education, with the presence of Murray State University contributing to a vibrant, collegiate environment that permeates the town.

Is it easy to get around Murray, KY without a car?

Residents of Murray have access to a range of essential services. The educational landscape includes several public schools at the elementary, middle, and high school levels, as well as private educational options. The town is served by a regional hospital that provides comprehensive healthcare services, including emergency care and specialized treatments. Public libraries in Murray support the community's educational and cultural needs, and the town features a variety of retail and dining options that reflect the local culture. City initiatives are in place to continually improve these services, adapting to the needs of a growing and diverse population.

Transportation in Murray, KY.

Transportation in Murray includes a combination of private vehicle use and public transit options, with the latter serving the community at scheduled intervals. The town's layout and infrastructure support a moderate level of walkability, particularly in the downtown area and around the university campus. Bikeability varies across different parts of the town, with some areas offering dedicated bike lanes. The road network provides easy access to major highways, facilitating travel and commuting to surrounding areas. While ride-sharing services are available, they complement the existing transportation options without dominating the local transit scene.

Rocket Homes›Kentucky›Calloway County›Murray›42071›423 S 8th St

This home is located at 423 S 8th St in Murray, KY and zip code 42071. This home sits on a 0.46 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $40,000.

Over 2 listings were sold over their listed price in November 2024 in Murray, KY. In the same period over 9 listings were sold below the listed price and 3 listings were sold for the listed price. The inventory of homes for sale in Murray, KY between October 2024 and November 2024 decreased by 9.6%.

From Rocket Homes Real Estate and based on county public records data.

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