202 S College St - Hospitality FOR SALE


Harrodsburg, KY 40330
$500,000 USD
859-734-7770
202 S College St, Harrodsburg, KY for Sale
$500,000 USD
Hospitality - FOR SALE
1/14
null | 14% Cap Rate

202 S College St
Harrodsburg, KY 40330


HIGHLIGHTS

  • Central Harrodsburg Location
  • Value-Add Potential
  • Multifamily Asset

OVERVIEW

Originally constructed as a hospital and converted to apartments in the 1950s, this 19-unit income property has been under the same ownership since 1996. The building is well maintained and turnkey, with updated plumbing and electrical systems, a new roof installed in 2024, and no known major structural or mechanical issues. Occupancy historically averages around 90%, with only a few small units currently vacant.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$70 USD /SF

# OF ROOMS

12

PRICE/ROOM

$41,667 {currency}

CAP RATE

14%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkview Guest House

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B-2

APN/PARCEL ID

100.60-09003.00

ASK ABOUT THIS PROPERTY

Jared H ErvinRm Mcginnis, Llc Real Est & AuMore Info
859-734-7770

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Jared H ErvinRm Mcginnis, Llc Real Est & AuMore Info
859-734-7770

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.