Big Profit Flip in Harrodsburg!

Mercer County, Harrodsburg, KY, 40330
Sold
Listed at: September 11th, 2023
Price
$179,000
ARV
$380,000
Gross Margin
$201,000
Sq. Footage
4300
Type
Commercial
Parking
Driveway
Year build
1890
Lot size
acres
Bedrooms
9
Bathrooms
5
Half Bathrooms
0
Summary
  • Prime Location: Walking distance to businesses, boutiques, and breweries.
  • Ideal for Short-Term Rentals: Perfect for capitalizing on local festivals and events.
  • Proximity to Factories: Appeals to a diverse tenant base for steady income.
  • Four Unit Building: Two residential and two commercial units.
  • Off-Street Parking: A rare find on S Main St.
  • Spacious Four+ Car Block Garage: Extra storage or rental income potential.
  • Expansive Space: Approximately 4,300 sq ft with an additional 1,320 sq ft basement.
  • Investment Flexibility: Three units requiring cosmetic updates, one unit ready for full rehab.

Rental Rehab Estimate: $75,000

Flip Rehab Estimate: $100,000

Estimated ARV: $360,000 - $400,000


Purchase Price: $179,000

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

Nick Mason

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Disposition manager