859-306-0617
41 N Maysville St, Mount Sterling, KY for Sale
Apartments - FOR SALE
1/13
null | Request Cap Rate

41 N Maysville St
Mount Sterling, KY 40353


HIGHLIGHTS

  • 23-unit commercial multifamily apartment building totaling 21,800 SF
  • Historic 1890 building with stone facade in downtown Mt. Sterling, KY
  • Major renovations underway: new roof, new windows, new electrical & plumbing in all units, framing & structural repairs, new sprinklers in all units
  • Potential parking options behind the building
  • Gross annual rent potential of $268,288 with projected NOI of $183,774 as complete
  • B-3 zoning with stable property values in the surrounding area, buyers are encouraged to explore potential tax credit options

FOR SALE DETAILS

PRICE

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# OF UNITS

23

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Value-Add Opportunity: 23-Unit Apt Bldg

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,273 SF

ZONING

B3

APN/PARCEL ID

23M-60-16-025.00

ASK ABOUT THIS PROPERTY

Justin RyderSVN | Stone Commercial Real EstateMore Info
859-306-0617

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Justin RyderSVN | Stone Commercial Real EstateMore Info
859-306-0617

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