$325,000
$329,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
118 Salter Road Berea, KY 40403
8 Beds
4 Baths
3,416 SqFt
Key Details
Sold Price $325,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,416 sqft
Price per Sqft $95
Subdivision Executive Park
MLS Listing ID 26005942
Sold Date 06/17/26
Bedrooms 8
Full Baths 4
Year Built 1989
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Quadruplex
Property Description
All-brick quadruplex with a durable metal roof. Four rental units, each updated for durability and tenant comfort. Current gross monthly income: approximately $3,800 from 4/4 units leased. Property features include an all-brick exterior and low-maintenance metal roof with updated interiors. Unit 1 offers new cabinets and countertops, LVP, refrigerator, oven, bathtub, PTAC, three new windows, and fresh paint. Unit 2 includes new LVP, oven, refrigerator, vanity, bathtub, water heater, and fresh paint. Unit 3 features a new vanity, bathtub reglazing, and fresh paint. Unit 4 provides a new refrigerator, ceiling fans, and fresh paint. Income/occupancy is 4 of 4 units leased, ~ $3,800/month gross. Opportunity highlights a turnkey investment with strong occupancy and potential to optimize net income with rent adjustments.
Location
State KY
County Madison
Zoning Other
Interior
Heating Electric
Cooling Electric, Multi Units
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Gravel, Paved
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Metal
Handicap Access No
Private Pool No
Building
New Construction No
Schools
Elementary Schools Kirksville
Middle Schools Farristown
High Schools Madison So
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