217-221 S Main St - Apartments FOR SALE


Cynthiana, KY 41031
$910,000 USD
859-588-0835
217-221 S Main St, Cynthiana, KY for Sale
$910,000 USD
Apartments - FOR SALE
1/38
null | 10.88% Cap Rate

217-221 S Main St
Cynthiana, KY 41031


OVERVIEW

Incredible opportunity to own an updated 11 unit apartment building with 2500 sq feet of retail space. 100% rented. 9 one bedroom one bath and 2 two bedroom one bath units with recent updates. All lights have been converted to LED. Electric and plumbing totally renovated 2002. Exterior painted 2019. New roof installed 2023. Total renovation of 1st floor in 2023. 4 HVAC units installed 2023 and one in 2024. Upstairs apartments renovated in 2022-23. Upstairs units are electric wall heat and window AC. There are 28 private parking spots along with 2 handicap spaces. There is also a city park alongside the building. Apartment building has three address 217,219, 221 S Main st. Property is in flood plain and currently paying $525 monthly.

FOR SALE DETAILS

PRICE

$910,000 USD

PRICE/SF

$41 USD /SF

# OF UNITS

11

PRICE/UNIT

$82,727

CAP RATE

10.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1841

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

COMM

APN/PARCEL ID

103-1016-008-00-000

ASK ABOUT THIS PROPERTY

Paul WaddelowHand in Hand Realty Central KYMore Info
859-588-0835

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

Paul WaddelowHand in Hand Realty Central KYMore Info
859-588-0835

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