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2007 S Main St, Paris, KY 40361

$2,890,000
: 16,950
SqFt

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List Price: $2,890,000
Status: ACTIVE
Days on Market: 60
MLS#: 26025114
Subtype: Commercial Sale
Year Built: 2024
Living Area: 16,950
Lot Size: 23,450
Acres: 0.64
Subdivision: City Limits
Neighborhood: 006 - Bourbon County
MLS Area Major: 006 - Bourbon County

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Property Description

Turnkey 15-Unit Multifamily Asset | Brand New 2024 Construction | 7.1% CAP Rate - Seize a rare opportunity to acquire a cash-flowing, institutional-quality multifamily asset built completely new in October 2024. 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 7.1% 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.

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Additional Information

Zoning: B-2
Heating: Heat Pump
Air Conditioning: Heat Pump
Roof: Flat, Rubber, Dimensional
Parking Features: On Site, Other