2007 S Main St, Paris, KY 40361

$2,890,000
16,950
SqFt

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List Price
$2,890,000
MLS#
26025114
Status
ACTIVE
Type
Commercial
Subtype
Business
Living Area
16,950
Lot Size
23,450

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.

Additional Information

Year Built
2023
Sewer
Public Sewer
Heating
Heat Pump
Roof
Flat, Rubber, Dimensional

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Calculator source: Real Geeks

Listing courtesy of Kentucky Prime Realty, LLC.