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$ 229,500
Active
623 N 20th Street Middlesboro, KY 40965
6 Beds
6 Baths
2,700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $85
Subdivision City Limits
MLS Listing ID 26013646
Bedrooms 6
Full Baths 6
Year Built 1946
Lot Size 0.355 Acres
Acres 0.36
Property Sub-Type Quadruplex
Property Description
Excellent investment opportunity with a strong ~9% cap rate at asking price! This unique 4-unit property offers incredible versatility-perfect as a pure cash-flowing asset or an ideal opportunity to live in one unit while renting out the other three. The property consists of four fully occupied units: a main multi-family building featuring one 2-bedroom unit and two 1-bedroom units, plus a detached, standalone 2-bedroom, 2-bathroom manufactured home. All units have been historically well-maintained, feature newer appliances, and have received numerous updates and improvements over the years. Currently rented at stable, conservative rates, this property offers an immediate return on investment with substantial upside potential to increase rents to market value. A formidable long term opportunity.
Location
State KY
County Bell
Zoning R-1
Interior
Heating Forced Air, Heat Pump, Space Heater
Cooling Ceiling Fan(s), Central Air, Wall Unit(s)
Laundry Main Level
Exterior
Parking Features On Site
Utilities Available Cable Connected, Electricity Connected
View Y/N N
Roof Type Composition
Handicap Access No
Private Pool No
Schools
High Schools Middlesboro Ind
Listed by Continental Real Estate Group
Nearby Locations