220 Falmouth Street , #8

    Williamstown, KY 41097
    • $359,900
    • STATUS: Active
    • ON SITE: 274 days
    • MLS #: 1827641
    UPDATED: 39 min ago
    $359,900
    • 12
      BEDS
    • 1.43
      ACRES
    • 8
      BATHS
    • 4
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1999
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Unique opportunity to own 2-2 unit Duplexes and one 4-unit building on 1.43 acres in Williamstown, Ky. The duplex buildings are one bedroom with 1 1/2 baths and the 4 unit building is 2 bedroom with one bath. The complex contains a mixture of long term and newer tenants. These units could also serve as short term rentals for the Ark Encounter which is located in town. Tenants pay all utilities and the 2 Duplexes have electric heat in each unit. The 4 unit building has natural gas in the 4 units. Each unit in the Duplexes include a Range and a Refrigerator. Each unit in the 4 unit building includes a Range, Refrigerator, Dishwasher, and Microwave. Each unit also has two designated parking spaces per unit. An extra building lot (not included) next to the property is zoned R-3 and can have an additional 4-unit built on said lot. Access to the highway will be through one of the two entrances accessing Falmouth St. Parking for this unit will be in front of any new building (off-street)

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Better Homes and Garden Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
    www.lexingtonkyhomesearch.com/homes/90133366

    220 Falmouth Street , #8 Williamstown, KY 41097

    • Price: $359,900
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 1827641
    12
    Beds
    8
    Baths
    4
    ½ Baths
    1.43
    Acres
    1999
    Built
    Neighborhood:
    Rural
    County:
    Grant
    Area:
    Grant County
    Elementary School:
    Williamstown Indepen
    Middle School:
    Williamstown Indepen
    High School:
    Williamstown Indepen
    School District:
    Grant County
    Property Description
    Unique opportunity to own 2-2 unit Duplexes and one 4-unit building on 1.43 acres in Williamstown, Ky. The duplex buildings are one bedroom with 1 1/2 baths and the 4 unit building is 2 bedroom with one bath. The complex contains a mixture of long term and newer tenants. These units could also serve as short term rentals for the Ark Encounter which is located in town. Tenants pay all utilities and the 2 Duplexes have electric heat in each unit. The 4 unit building has natural gas in the 4 units. Each unit in the Duplexes include a Range and a Refrigerator. Each unit in the 4 unit building includes a Range, Refrigerator, Dishwasher, and Microwave. Each unit also has two designated parking spaces per unit. An extra building lot (not included) next to the property is zoned R-3 and can have an additional 4-unit built on said lot. Access to the highway will be through one of the two entrances accessing Falmouth St. Parking for this unit will be in front of any new building (off-street)
    Exterior Features

    Lot Expansion Potential Yes Lot Expansion Sq Ft 11200 Lot Size 0 Parking 11 - 20 Spaces Roof Composition Roof Age 16 Stories Two

    Interior Features

    Common Air Conditioning Electric Common Heat Forced Air Fuel GasElectric Fuel Source ElectricGas Laundry Sq Ft 0 Sq Ft Common Area 0

    Property Features

    Ada Accessible No Building Expansion Potential Yes Building Expansion Sq Ft 3580 Cash Flow Before Tax 0 Credit Losses And Vacancy 0 Current Zoning R-3 Documents On File Survey Electric 0 Fire Code No Fuel Expense 0 Gross Operating Income 51360 Gross Scheduled Rent Income 51360 Janitorial Services 0 Lawn Services 0 Less Operating Expense 13953 Net Operating Income 37407 Non Conforming No Occupant Type Tenant Other Income 0 Personal Property Taxes 0 Possession Close Of Escrow Property Insurance 2472 Property Management 0 Property Type DuplexQuad Real Estate Taxes 4836 Repairs And Maintenance 2300 Resident Manager 0 Rubbish Services 0 Sewer And Water 0 Sprinklers None Tax Rate Verify Thru Pva Terms Lease Total Annual Debt Service 3900 Total Gross Income 51360 Total Operating Expense 13953 Vacant Units 0 Water Services 0

    Listing provided courtesy of Dennis Kenner of Re/Max Creative Realty. Listing information © 2019 LBAR Multiple Listing Service. All rights reserved.
    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Better Homes and Garden Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
     
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