Price Reduction
202 Richmond Avenue Mount Sterling, KY
$ 79,900
Property Attributes
  • MLS#20107454
  • TypeMulti-Family
  • CityMount Sterling
  • Area018 - Montgomery County
  • NeighborhoodDowntown
  • Zip40353
  • StyleApartments
  • Price$ 79,900
  • Bedrooms10
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage4928
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Denniston Realty
Data Source:
Lexington - Bluegrass Association of REALTORS
Property Description

Now is your opportunity to get into the rental business! This building currently consists of (5) rental housing units and a large storage space that could possibly be converted into a 6th unit (buyer to confirm with local building inspector). This building was formerly a laundromat.Current monthly rent role of $1,225 with room to increase rents. All residents are responsible for their own utilities. Each of the five housing units is individually metered for water and electric. All units are occupied and Seller requests four hour lead time to notify tenants of a showing.Unit 1: 2BR/1BA rented for $300/month, Unit 2: 3BR/1BA rented for $325/month, Unit 3: vacant currently being used for storage by Seller, Unit 4: 1BR/1BA rented for $200/month, Unit 5: 2BR/1BA rented for $200/month, Unit 6: 1BR/1BA rented for $200/month

High School
Montgomery Co High School
Price History
4/28/2021 Listed $84,900
5/8/2021 6% - $79,900

General Features

# of Buildings One
Area 018 - Montgomery County
City Mt Sterling
Cooling None
County Montgomery
Directions Located on the corner of Spring Street and Richmond Avenue.
Geo Lat 38.051062
Geo Lon -83.948346
Heating Baseboard, Electric
High School Montgomery Co
Intermediate School Not Applicable
Listingmembername Shannon Denniston
Listingofficephone (859) 498-6309
Parking 6 - 10 Spaces, On Site, Paved
Possession Close Of Escrow
Property Type F
Roof Membrane
School District Montgomery County - 18
Sprinklers None
Status Active
Street Name Richmond
Structure Type Apartments
Subdivision Downtown
Tax Rate $12.30 per $1, 000.00
Terms Cash, Conventional, Sale
Water Water Connected
Year Built 9999

Interior Features

Full Baths 5
Stories Two
Total Baths 5.00
Total Bedrooms 10
Unit Info: # Of Units 6
Utilities: Natural Gas Natural Gas Available

Exterior Features

Lot Size Acres 0.2000
Lot Size Square Feet 8712.01
Mls Identifier 20180201170722572567000000
Sewer Sewer Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 40353

AVG $110K
AVG 21
AVG 43
Data Provided by Walkscore ® not using MLS data

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