623 N 20th St, Middlesboro, KY 40965
- $229,500
- 6
- BD
- 6
- BA
- 2,700
- SqFt
- List Price
- $229,500
- Status
- ACTIVE
- Days on Market
- 102
- MLS#
- 26013646
- Subtype
- Residential Income
- Year Built
- 1946
- Bedrooms
- 6
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 2,700
- Lot Size
- 15,463
- Acres
- 0.36
- Subdivision
- City Limits
- Neighborhood
- 087 - Bell County
- MLS Area Major
- 087 - Bell County
Property Description
Excellent investment opportunity with a strong ~9% cap rate at asking price! This unique 4-unit property offers incredible versatility-perfect as a pure cash-flowing asset or an ideal opportunity to live in one unit while renting out the other three. The property consists of four fully occupied units: a main multi-family building featuring one 2-bedroom unit and two 1-bedroom units, plus a detached, standalone 2-bedroom, 2-bathroom manufactured home. All units have been historically well-maintained, feature newer appliances, and have received numerous updates and improvements over the years. Currently rented at stable, conservative rates, this property offers an immediate return on investment with substantial upside potential to increase rents to market value. A formidable long term opportunity.
Additional Information
- Zoning
- R-1
- Heating
- Forced Air, Heat Pump, Space Heater
- Air Conditioning
- Central Air, Ceiling Fan(s), Window/Wall
- Roof
- Composition
- Parking Features
- On Site
- School District
- Bell County - 87
- High School
- Middlesboro Ind
Mortgage Calculator
Listing courtesy of Derek Eisenberg of Continental Real Estate Group.