118 Central Ave, Berea, KY 40403
- $269,900
- 6
- BD
- 4
- BA
- 2,248
- SqFt
- List Price
- $269,900
- Status
- ACTIVE
- Days on Market
- 47
- Price Change
- ▼ $16,100 1785961586
- MLS#
- 26001566
- Subtype
- Residential Income
- Year Built
- 1994
- Bedrooms
- 6
- Bathrooms
- 4
- Full Baths
- 2
- Half Baths
- 2
- Living Area
- 2,248
- Lot Size
- 7,274
- Acres
- 0.17
- Subdivision
- Downtown
- Neighborhood
- 008 - Madison County
- MLS Area Major
- 008 - Madison County
Property Description
Fully occupied, turnkey duplex in Berea generating immediate cash flow with both 3BR/1.5BA units leased at $1,550/month, producing $3,100/month ($37,200 annually) in gross rental income. Property features stable annual leases, thoughtful interior updates, and energy-efficient improvements including updated HVAC systems, windows, and roofing. Utilities are currently included for both units, with total utility costs averaging approximately $500/month for the entire property. Annual property taxes are approximately $2,000, and insurance averages around $3,000/year. Walkable distance to Berea College, and conveniently located near I-75, local shops, restaurants, and outdoor recreation, this property offers a strong opportunity for investors seeking a stabilized, income-producing asset in a high-demand rental market.
Additional Information
- Zoning
- Other
- Heating
- Electric
- Air Conditioning
- Electric
- Roof
- Metal
- Parking Features
- On Site, Paved
- School District
- Berea Independent
- Elementary School
- Berea Community
- Middle School
- Berea Community
- High School
- Berea Community
Mortgage Calculator
Listing courtesy of Bill Adams of Century 21 Pinnacle.