2007 S Main St, Paris, KY 40361
- $2,890,000
- 16,950
- SqFt
- List Price
- $2,890,000
- Status
- ACTIVE
- Days on Market
- 5
- MLS#
- 26025114
- Subtype
- Commercial Sale
- Year Built
- 2023
- Living Area
- 16,950
- Lot Size
- 23,450
- Acres
- 0.64
- Subdivision
- City Limits
- Neighborhood
- 006 - Bourbon County
- MLS Area Major
- 006 - Bourbon County
Property Description
Turnkey 15-Unit Multifamily Asset | Brand New 2023 Construction | Rare 8.00% CAP Rate - Seize a rare opportunity to acquire a cash-flowing, institutional-quality multifamily asset built completely new in 2023. This uniform 15-unit apartment building features an ideal mix of fifteen identical 2-bedroom, 1-bathroom layouts, offering maximum operational efficiency and minimal maintenance overhead. Delivering an immediate, institutional-grade 8.00% capitalization rate on current in-place income, this asset represents a premier choice for 1031-exchange investors or private equity portfolios looking for high yields without the typical headaches of vintage assets.
Additional Information
- Zoning
- B-2
- Heating
- Heat Pump
- Air Conditioning
- Heat Pump
- Roof
- Flat, Rubber, Dimensional
- Parking Features
- On Site, Other
Mortgage Calculator
Listing courtesy of Rodney Dotson of Kentucky Prime Realty, LLC.