For Sale
$600,000

200 Melody Ln Berea, KY 40403

Six-unit apartment complex, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a well-maintained six-unit apartment building situated on a 0.73-acre lot in Berea, Kentucky. The property, comprised of three separate duplex buildings, boasts a total of 6,044 square feet and is currently operating at 100% occupancy, providing immediate cash flow. Constructed in 1980, the two-story buildings are situated at 200 Melody Ln, Berea, KY 40403, offering a prime location within Madison County. Each unit contributes to the strong rental income generated by this property. The asking price for this turnkey investment is $600,000. This represents a compelling opportunity for investors seeking a stable, high-occupancy multifamily asset in a desirable Kentucky market. The property's excellent condition and high occupancy rate make it an attractive prospect for both seasoned and new investors. The substantial lot size offers potential for future expansion or development, adding further value to this already strong investment. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving community.

Highlights

  • $600,000 asking price.
  • Six-unit multifamily apartment building.
  • 6,044 square feet.
  • 100% occupancy.
  • Built in 1980.
  • Three buildings on a 0.73-acre lot.

Property Details for 200 Melody Ln

Property type
Apartment buildings
Square Feet
6,044 SF
Year Built
1980
Buildings
3
Stories
2
Lot Size (sq. ft)
31,799 SF
Units
6

Location Insight

City
Berea
County
Madison
State
Kentucky
Latitude
37.5874055
Longitude
-84.2819405

FAQs

What type of property is this?
Apartment building - Six-unit apartment complex, 100% occupied.
Where is the apartment building located?
The property is located at 200 Melody Ln Berea, KY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: $600,000 asking price.; Six-unit multifamily apartment building.; 6,044 square feet.
How can I contact the broker?
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200 Melody Ln
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