118 Central Avenue, Berea, KY 40403
118 Central Avenue, Berea, KY 40403
118 Central Avenue, Berea, KY 40403
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Mimi Iverson

Mimi Iverson

+1(859) 310-2814
$269,900
6 Beds
4 Baths
2,248 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,248 sqft

Price per Sqft $120

Subdivision Downtown

MLS Listing ID 26001566

Bedrooms 6

Full Baths 2

Half Baths 2

Year Built 1994

Lot Size 7,274 Sqft

Acres 0.17

Property Sub-Type Duplex

Property Description

Fully occupied, turnkey duplex in Berea generating immediate cash flow with both 3BR/1.5BA units leased at $1,550/month, producing $3,100/month ($37,200 annually) in gross rental income. Property features stable annual leases, thoughtful interior updates, and energy-efficient improvements including updated HVAC systems, windows, and roofing. Utilities are currently included for both units, with total utility costs averaging approximately $500/month for the entire property. Annual property taxes are approximately $2,000, and insurance averages around $3,000/year. Walkable distance to Berea College, and conveniently located near I-75, local shops, restaurants, and outdoor recreation, this property offers a strong opportunity for investors seeking a stabilized, income-producing asset in a high-demand rental market.

Location

State KY

County Madison

Zoning Other

Interior

Heating Electric

Cooling Electric

Laundry Electric Dryer Hookup, Main Level, Washer Hookup

Exterior

Parking Features On Site, Paved

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N N

Roof Type Metal

Handicap Access No

Private Pool No

Schools

Elementary Schools Berea Community

Middle Schools Berea Community

High Schools Berea Community

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Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Century 21 Pinnacle

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118 Central Avenue

Mimi Iverson

Mimi Iverson

Agent | License ID: 271853

+1(859) 310-2814

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