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$ 2,890,000
New
2007 S Main Street Paris, KY 40361
16,950 SqFt
UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 16,950 sqft
Price per Sqft $170
Subdivision City Limits
MLS Listing ID 26025114
Year Built 2023
Lot Size 0.538 Acres
Acres 0.64
Property Sub-Type Business
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.
Location
State KY
County Bourbon
Zoning B-2
Interior
Heating Heat Pump
Cooling Heat Pump
Exterior
Parking Features On Site, Other
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Dimensional Style,Flat,Rubber
Handicap Access No
Private Pool No
Building
Sewer Public Sewer
Listed by Kentucky Prime Realty, LLC