Address
100 Summit Drive Mount Sterling, KY
Price
$ 2,400,000
Property Attributes
  • MLS#20118355
  • TypePending
  • CountyMONTGOMERY
  • CityMount Sterling
  • Area018 - Montgomery County
  • NeighborhoodDowntown
  • Zip40353
  • StyleApartments
  • Price$ 2,400,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage29580
  • Lot Size1.59 Acres
Listing Provided Courtesy Of:
Positive Property Management
Data Source:
Lexington Bluegrass MLS (LBAR) - 88 - KY
Property Description

Wonderful Investment property in the heart of Mt. Sterling located on the corner of W. Main Street and and the bypass. 35 total units, 22 renovated, 34 rented and 1 signing lease next week. Approx. 850 sq ft. 2 bedroom 1 bath units. Laundry room located next to the office. High demand rental market with very little offered available in the area. Tenants pay electric, Rental income 21,000+. Onsite property manager that will stay if property is sold.

High School
Montgomery Co High School
Price History
8/27/2021 Listed $2,400,000

General Features

# of Buildings Three
Ada Accessible No
Amenities Coin Laundry
Area 018 - Montgomery County
City Mt Sterling
Cooling Electric
County Montgomery
Directions located on the corner of the bypass ( KY 686) and W. Main Street. Turn onto Spring Street from KY 686
Fire Code Yes
Geo Lat 38.052094
Geo Lon -83.955676
Heating Natural Gas
High School Montgomery Co
Intermediate School Not Applicable
Listing Member Name Adam Keys
Listingofficephone (859) 260-1688
Non Conforming No
Parking 36 - 55 Spaces, On Site, Paved
Possession Negotiable
Property Type F
Roof Flat
Status Pending
Street Name Summit
Structure Type Apartments
Subdivision Downtown
Tax Rate .122
Terms Sale
Water Water Connected
Year Built 1975

Interior Features

Full Baths 1
Stories Two
Total Baths 1.00
Total Bedrooms 2
Unit Info: # Of Units 35
Utilities: Natural Gas Natural Gas Connected

Exterior Features

Lot Size Acres 1.5900
Lot Size Square Feet 69260.00
Mls Identifier 20180201170722572567000000
Sewer Sewer Connected

Amenities

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

Property vs Pending Average in 40353

Price
AVG $340K
$2.4M
Visits
AVG 195
145
Year Built
AVG 1994
1975
Walkscore
AVG 25
37
Data Provided by Walkscore ® not using MLS data

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