For Sale
$335,000

101 Melissa DrNicholasville, KY 40356

High-Yield Duplexes, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two well-maintained duplexes located at 101 Melissa Dr, Nicholasville, KY 40356, within easy reach of Lexington. The property boasts a total of 3,236 square feet of net rentable space, currently enjoying 100% occupancy with stable, long-term tenants. Each unit offers three bedrooms, two and a half bathrooms, and an attached one-car garage. Tenants are responsible for their own utilities, simplifying management. The property is classified as a Class B multifamily investment, offering a compelling 7.00% capitalization rate and an asking price of $335,000. This stabilized investment presents a strong cash flow potential, with the possibility of future rent growth. The location, just off Nicholasville Road, provides convenient access to amenities and major thoroughfares. This is a rare opportunity to acquire a turnkey investment property with excellent potential for long-term returns. The property is part of a larger portfolio of twelve buildings available for purchase individually or in bulk. This presents a unique opportunity to acquire a single duplex or to build a larger portfolio. The Lexington MSA provides a strong rental market with room for future rent increases.

Highlights

  • Two well-maintained duplexes totaling 3,236 square feet of net rentable space.
  • 100% occupancy with long-term tenants.
  • Each unit features three bedrooms, two and a half baths, and a one-car garage; tenants pay utilities.
  • Class B multifamily investment with a 7.00% cap rate and $335,000 asking price.
  • Convenient Nicholasville, KY location near Lexington, offering strong cash flow and rent growth potential.

Property Details for 101 Melissa Dr

Property type
Residential income homes
Square Feet
3,236 SF
Class
B
Units
2

Location Insight

City
Nicholasville
County
Jessamine
State
Kentucky
Latitude
37.8743316
Longitude
-84.5927902
101 Melissa Dr, Nicholasville, Kentucky

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
101 Melissa Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message