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214 East Chestnut Street, Carlisle, KY 40311

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For Sale

$869,000

10,209 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $85.12
    Price per square foot

Explore this Property

This Charming 12-Unit, 2 Bed- 1 Bath, Apartment Building Offers A Prime Investment Opportunity In The Heart Of A Close-Knit, Smaller Hometown. Impeccably Maintained, The Property Is Fully Occupied, Ensuring A Steady Stream Of Passive Income. Despite Below Market Rents, Current In-Place Cap Rate Is 6.8%. New Tenants (4 of 12 Units) Are Paying $695.00 A Month. This Equates To Almost $95,000 Of Potential Annual Gross Income, And A Proforma Cap Rate Of Over 8%. The Property Currently Has An On-Site Manager Who Is Willing To Stay On. Everything Is Direct Billed, With Tenants Paying Electric. Its Strategic Location In A Community With Strong Bonds And Potential For Growth Makes It An Appealing Asset For Investors Seeking Both Immediate Cash Flow And Future Appreciation. Proximity To Local Schools And Restaurants Adds To It's Family-Friendly Allure.
MLS# 24002339

Courtesy Of Kassie & Associates

(859) 806-4111

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Carpet
  • Lot Size
    0.2 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 214 East Chestnut Street, Carlisle, KY 40311

Home seller CENTURY 21 Advantage Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Advantage Realty

(859) 624-5488
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Lexington-Bluegrass Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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