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0 W Main Street

Mt Sterling, KY 40353
  • $1,290,000
  • STATUS: Active
  • ON SITE: 89 Days
  • ID#: 22010211
UPDATED: 77 min ago
$1,290,000
  • 0
    BEDS
  • 5.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

High School:

Description

Builders/investors here is your chance to hit the ground running with over 5 acres Concept for an 80 unit multi-family complex with 34 single car garages has been signed off on and approved by city. Apartments will be located on the corner of bypass and Main Street !!! Purchase comes with completed engineer plans and building plans. Estimated rents between 85K-90K a month easily. ( $1,050,000 annual estimated rental income)***Sale can be combined with adjacent property currently for sale located at 100 Summit Dr which has 36 apartments on 2 acres with a current yearly gross income of $312,000.

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Lexington-Bluegrass Association of Realtors logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than New Home Collective | Exp Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
www.nhcnow.com/homes/128871183
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0 W Main Street Mt Sterling, KY 40353

  • Price: $1,290,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 77 min ago
  • ID#: 22010211
0
Beds
0
Baths
0
½ Baths
5.35
Acres
Neighborhood:
Downtown
County:
Montgomery
Area:
Montgomery County
High School:
Montgomery Co
Property Description
Builders/investors here is your chance to hit the ground running with over 5 acres Concept for an 80 unit multi-family complex with 34 single car garages has been signed off on and approved by city. Apartments will be located on the corner of bypass and Main Street !!! Purchase comes with completed engineer plans and building plans. Estimated rents between 85K-90K a month easily. ( $1,050,000 annual estimated rental income)***Sale can be combined with adjacent property currently for sale located at 100 Summit Dr which has 36 apartments on 2 acres with a current yearly gross income of $312,000.
Interior Features

Finished Area Total 0.00 Unfinished Area Total 0.00

Property Features

Best Use CommercialResidential Conservation Easement YN Yes Farm With House YN No Intermediate School Not Applicable Possession Main House Close Of Escrow Possession Of Aux Close Of Escrow Present Use Other Sewer Public Sewer Tax Rate 1.225

Lexington-Bluegrass Association of Realtors logo Listing provided courtesy of Adam Keys of Positive Property Management. Listing information © 2022 LBAR Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than New Home Collective | Exp Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
 
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New Home Collective | Exp Realty
125 Clay Ave
Lexigton KY, 40502