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$224,900
3 Beds
3 Baths
2,941 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,941 sqft
Price per Sqft $76
Subdivision Downtown
MLS Listing ID 26018793
Bedrooms 3
Full Baths 3
Year Built 1791
Lot Size 8,712 Sqft
Acres 0.23
Property Sub-Type Triplex
Property Description
Income producing historic asset in the heart of downtown Nicholasville! The Metcalf Place holds rich history as the first house to be erected in the establishing of the town of Nicholasville in the late 1700s. This now cash flowing triplex at 209 South 1st Street offers an excellent chance to start or expand your investment portfolio. All three units are currently occupied by month-to-month tenants - who would like to remain in place, providing immediate rental income with future flexibility for the next owner. Tenants pay utilities (water & electric), billed separately for each unit. Professionally managed for the past two years, the property has been consistently maintained and presents a solid foundation for an investor looking to add value. While the property could benefit from some TLC and cosmetic updates, it is priced accordingly and offers significant upside potential. Even better, this property is listed well below its current appraised value, making it an exceptional opportunity for investors seeking equity from day one. Gross rents total $2975 monthly. Whether you're looking for a long-term hold, value-add project, or addition to an existing rental portfolio, this downtown location offers a consistent rental base due to convenience to shopping, dining, parks, and major commuter routes. Don't miss this chance to own a cash-flowing multifamily property with immediate income, upside potential, and attractive pricing. Inspections welcome, property being sold "AS IS." Cash & conventional offers preferred. Listing agent has familial relationship with personal representative of the estate.
Location
State KY
County Jessamine
Interior
Heating Heat Pump
Cooling Heat Pump
Exterior
View Y/N N
Handicap Access No
Private Pool No
Schools
Elementary Schools Nicholasville
Middle Schools West Jessamine Middle School
High Schools West Jess Hs
Others
Pool YN No
Handicap Accessible YN No
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Listed by Building The Bluegrass Realty
Nearby School & Business
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