Cash Flow Triplex - Mount Sterling, KY, 40353

Montgomery County, Mount Sterling, KY, 40353
Sold
Listed at: February 15th, 2024
Price
$42,000
ARV
$175,000
Gross Margin
$133,000
Sq. Footage
2320
Type
Single-Family
Parking
Unassigned
Year build
1990
Lot size
0.36 acres
Bedrooms
4
Bathrooms
1
Half Bathrooms
1
Summary

Details:

  • 4bd/3.5ba with 2320 sqft
  • Unit 1: 2/1.5 – Unit 2: 1/1 – Unit 3: 1/1
  • Tenant Occupied
  • Closing on or before 03/22/24
  • Market Rent: 2000 total/month
  • Current Rent: 800-750-600 
  • Detached garage


ARV is $175,000 based on the following comps:


  • 410 E Locust St is a 3/2 with 1338 sqft that sold for $175,000 on 1/11/24
  • 624 High St is a 4/2 with 2200 sqft that sold for $165,000 on 10/24/23
  • 307 Harrison is a 2 unit home 4/2 w/ 1562 sqft that sold AS-IS for $90,000 on 11/10/23


Repairs:Roof: Good condition, no known issuesHVAC: None, need systemFlooring: Look good, could updateKitchen: Needs complete updateBathroom: Needs updatingWindows: Recommend replaceFoundation: No known issues reportedOther: Good bones


These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Andy Klunder

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Disposition manager