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Maggie Wells

maggie@liveinkentuckyhomes.com +1(859) 402-4766

$ 499,000

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Price Dropped by $31K

4738 Camargo Levee Road Mt Sterling, KY 40353

9 Beds

9 Baths

6,000 SqFt

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $83

Subdivision Camargo Heights

MLS Listing ID 25502951

Bedrooms 9

Full Baths 9

Lot Size 0.660 Acres

Acres 0.66

Property Sub-Type Apartment

Property Description

Multi-Family Investment Opportunity - 9 Units + Expansion Potential in Camargo, KY Excellent income-producing property featuring 9 rentable units across two buildings, with 6 units currently leased, 2 ready for new tenants, and 1 awaiting renovation. Recent updates include 8 units repaired or flipped within the last two years, new HVAC systems, and a new metal roof (installed within 3 months) on the smaller 4-unit building. The larger building offers 5 existing units plus a framed-out 6th unit with rough plumbing and electric in place. Additional opportunities include a spacious A 32' x 40' shop with 12' ceilings and a work pit garage that could be leased for storage or converted into 2-3 more rental units, and a plumbed RV pad with electric—plus space for a second pad once utilities are extended. The property is currently served by 2 water meters, with 12 new individual meters onsite ready for installation to increase efficiency and reduce costs. This well-maintained complex in peaceful Camargo offers both immediate cash flow and substantial upside potential—perfect for investors seeking value-add opportunities in a rural market. Located outside of downtown Mt Sterling and within 46 minutes/36 miles from downtown Lexington. It is approximately 40 minutes to Morehead State University and Transylvania University.

Location

State KY

County Montgomery

Interior

Heating Electric, Forced Air, Heat Pump, Other

Cooling Ductless, Electric, Other

Laundry Main Level

Exterior

Parking Features On Site, Open

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

View Y/N N

Roof Type Metal

Handicap Access No

Private Pool No

Schools

Elementary Schools Camargo

Middle Schools Mcnabb

High Schools Montgomery Co

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by Keller Williams Legacy Group

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 1

5

Camargo Elementary School

Public | PK - 4

Middle Schools 1

0

Hillcrest Hall Treatment Center

Public | 7 - 12

School and business data provided by Attom Data.

Maggie Wells

Agent | License ID: 221726

+1(859) 402-4766

Maggie Wells

4738 Camargo Levee Road Mt Sterling, KY 40353

Key Details

Location

Interior

Exterior

Schools

Nearby Locations

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4738 Camargo Levee Road