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$200,000
3 Beds
3 Baths
2,472 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,472 sqft
Price per Sqft $80
Subdivision Downtown
MLS Listing ID 25505421
Bedrooms 3
Full Baths 3
Year Built 1960
Lot Size 1,200 Sqft
Acres 0.03
Property Sub-Type Triplex
Property Description
Investor-Ready Triplex: Immediate Cashflow Opportunity in Downtown Versailles! A rare and profitable investment awaits in the heart of charming Downtown Versailles. This triplex is 100% occupied, offering the discerning investor immediate, stabilized cashflow from day one—no leasing costs or vacancy risk. Tenants benefit from a prime, highly walkable location, granting instant access to all of Downtown's unique amenities, dining, and shopping. Exceptional connectivity is ensured with the proximity to the Versailles Bypass, providing seamless travel via Frankfort Road and Lexington Road. Crucially, the rental rates have not been adjusted since the current owner purchased property, presenting a clear and immediate value-add opportunity for the next owner to maximize returns to current market standards. All leases are on month-to-month tenancy; $850/mo per unit are believed are the current market rents for the unit. A refined asset in a desirable, historic locale.
Location
State KY
County Woodford
Interior
Heating Baseboard, Electric, Natural Gas
Cooling Window Unit(s)
Laundry Electric Dryer Hookup, Main Level
Exterior
Parking Features On Site, Paved
Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Schools
Elementary Schools Southside
Middle Schools Woodford Co
High Schools Woodford Co
Others
Pool YN No
Handicap Accessible YN No
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Listed by Keller Williams Bluegrass Realty
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