This is a rare off-market acquisition opportunity in the heart of downtown Mt. Sterling with significant built-in equity and strong upside through repositioning and light-to-moderate improvements.
The asset is being offered well below current appraised value, creating an immediate spread for an investor, developer, or owner-operator.
Off-market – not listed
Purchase well below as-is appraised value
Immediate equity at closing
Strong upside to stabilized / repositioned value
Excellent downtown location
Ideal for value-add, mixed-use, or adaptive reuse strategy
Favorable basis for refinance after stabilization
Financial Snapshot
Purchase Price: $850,000
As-Is Appraisal: $1,426,268
Projected ARV / Stabilized Value: $2,376,000
Built-In Equity at Purchase: ~$576,000+ below current appraised value
Total Upside to ARV: ~$1.52M spread from acquisition to stabilized value
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
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ARV $2,376,300
From the listing
The seller picked no comps. Investimate’s own value for this home is $291,000.