623 N 20th Street, Middlesboro, KY 40965
623 N 20th Street, Middlesboro, KY 40965
623 N 20th Street, Middlesboro, KY 40965
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Mimi Iverson

Mimi Iverson

+1(859) 310-2814
$229,500
6 Beds
6 Baths
2,700 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $85

Subdivision City Limits

MLS Listing ID 26013646

Bedrooms 6

Full Baths 6

Year Built 1946

Lot Size 0.355 Acres

Acres 0.36

Property Sub-Type Quadruplex

Property Description

Excellent investment opportunity with a strong ~9% cap rate at asking price! This unique 4-unit property offers incredible versatility-perfect as a pure cash-flowing asset or an ideal opportunity to live in one unit while renting out the other three. The property consists of four fully occupied units: a main multi-family building featuring one 2-bedroom unit and two 1-bedroom units, plus a detached, standalone 2-bedroom, 2-bathroom manufactured home. All units have been historically well-maintained, feature newer appliances, and have received numerous updates and improvements over the years. Currently rented at stable, conservative rates, this property offers an immediate return on investment with substantial upside potential to increase rents to market value. A formidable long term opportunity.

Location

State KY

County Bell

Zoning R-1

Interior

Heating Forced Air, Heat Pump, Space Heater

Cooling Ceiling Fan(s), Central Air, Wall Unit(s)

Laundry Main Level

Exterior

Parking Features On Site

Utilities Available Cable Connected, Electricity Connected

View Y/N N

Roof Type Composition

Handicap Access No

Private Pool No

Schools

High Schools Middlesboro Ind

Read Less Info
Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Continental Real Estate Group

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623 N 20th Street

Mimi Iverson

Mimi Iverson

Agent | License ID: 271853

+1(859) 310-2814

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