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100 Summit Drive

Mt Sterling, KY 40353
  • $2,749,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 22005744
Price Reduced
UPDATED: 46 min ago
$2,749,000
  • 71
    BEDS
  • 2
    ACRES
  • 36
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Information

High School:

Description

Previous buyer had family emergency and could not perform on contract. Awaiting release. Attention Investors! 100% occupied apartment complex with 36 units. 35 units have 2 bedrooms/one bathroom and one unit is a studio. Tenants pay electric, owner pays gas, water and trash (studio is all utilities paid by owner). Complex has an onsite laundromat. All but 3 units have had updates in the last 2 yrs. Current monthly gross income is $25,995 or $309,540 per year, with plenty of growth still available. Selling AS IS with inspections welcomed.

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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 Vanessa Vale Team | Keller Williams Greater Lexington 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.vanessavale.com/homes/127138519
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100 Summit Drive Mt Sterling, KY 40353

  • Price: $2,749,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 46 min ago
  • MLS #: 22005744
71
Beds
36
Baths
0
½ Baths
2
Acres
1975
Built
Neighborhood:
Spring Meadows
County:
Montgomery
Area:
Montgomery County
High School:
Montgomery Co
Property Description
Previous buyer had family emergency and could not perform on contract. Awaiting release. Attention Investors! 100% occupied apartment complex with 36 units. 35 units have 2 bedrooms/one bathroom and one unit is a studio. Tenants pay electric, owner pays gas, water and trash (studio is all utilities paid by owner). Complex has an onsite laundromat. All but 3 units have had updates in the last 2 yrs. Current monthly gross income is $25,995 or $309,540 per year, with plenty of growth still available. Selling AS IS with inspections welcomed.
Exterior Features

Parking 36 - 55 SpacesPaved Roof Flat Stories Three Structure Type Apartments

Interior Features

Cooling ElectricWindow Unit(S) Heating Natural Gas Sprinklers None

Property Features

Current Zoning R-3 Gross Scheduled Rental Income 25795 Intermediate School Not Applicable Number Of Vacant Units 0 Other Income 200 Possession Close Of Escrow Property Amenities Coin Laundry Tax Rate 12.25/1000 Total Gross Income 309540 Vacancy Percent 0.00

Listing provided courtesy of Randy Rodriguez of Positive Property Management. Listing information © 2022 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 Vanessa Vale Team | Keller Williams Greater Lexington 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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Vanessa Vale Team | Keller Williams Greater Lexington
1908 Bryant Rd, STE. 250
Lexington KY, 40509