Versailles KY Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.41 Acres
- Baths:
- 3.00
- MLS#:
- 24017573
- Subdivision:
- Downtown
View additional info
Courtesy: Biller Homes
859-489-4663
ADDITIONAL INFORMATION
Over 3000 sf, Perfect for Investors, Owner-Occupied, or possibly AirBnB, with proximity to Keeneland, The Bourbon Trail, Frankfort and Lexington. 3 units, with TWO 3bed-1 bath units and One 2 bed-1 bath unit. This former church is on a double lot and was converted to multi-housing in 2019. Many facets of the original church architecture were incorporated, so each unit is unique. The renovation included vinyl siding, roof shingles, water heaters, HVAC in 2 units, flooring, cabinets, all fixtures and appliances. The building was re-wired and re-plumbed, except for main drain line, which was updated by previous owners prior to purchase, per seller. All units have a washer/dryer hook-up within the unit! Two units currently rented with 3rd unit to be rented October 1. Has been rented under market to long-term tenants, but potential is over 3000/mo, per seller. Tenants pay own electricity (and gas in Unit B), landlord pays water/sewer.There is a large concrete parking lot, and sizeable rear yard.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.02 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 24002926
- Subdivision:
- Downtown
View additional info
Courtesy: SimpliHOM
859-509-8401
ADDITIONAL INFORMATION
This property is located in downtown Versailles, adjacent to the hospital, making it a prime location for various business opportunities. It consists of a professional building with attached apartments, totaling 7500 square feet. The building operates a turnkey children's daycare business alongside four tenant-occupied apartments, making profits. The apartments include two units with two bedrooms and one bathroom each, as well as two units with one bedroom and one bathroom each. The proximity to the hospital adds convenience for potential tenants or clients, and all apartments are currently tenant occupied, providing an established rental income stream. Furthermore, the combination of professional space and residential units presents a unique mixed-use investment opportunity. The daycare business is negotiable! Financials will be shared with an accepted offer. This property is also listed under commercial.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Lexington Bluegrass Multiple Listing Service. The Broker providing this data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Lexington Bluegrass Multiple Listing Service. All rights reserved.
Versailles Real Estate
The median home value in Versailles, KY is $166,300. This is lower than the county median home value of $200,700. The national median home value is $219,700. The average price of homes sold in Versailles, KY is $166,300. Approximately 48.4% of Versailles homes are owned, compared to 41.91% rented, while 9.69% are vacant. Versailles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Versailles real estate agent to arrange a tour today!
Versailles, Kentucky 40383 has a population of 9,132. Versailles 40383 is more family-centric than the surrounding county with 32.62% of the households containing married families with children. The county average for households married with children is 31.47%.
The median household income in Versailles, Kentucky 40383 is $38,800. The median household income for the surrounding county is $60,604 compared to the national median of $57,652. The median age of people living in Versailles 40383 is 36.7 years.
Versailles Weather
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 24.1 degrees. The average rainfall is approximately 46.1 inches per year, with 9.1 inches of snow per year.