Major CAPEX in 2022 & 2024 ??? Facade transformation, fully restored and renovated.Current grossing $168,000 annual rent, with $4,000/month upside ??? beats the 1% rule!The Kerr Building, the largest downtown historical landmark, features structural repairs, new roofing, brick tuck-pointing, secure key-fob entrances, central HVAC, modern kitchens, updated baths, and new flooring. 18 LIHTC apartments and 2 renovated ground-floor offices totaling 20 income-producing units. Additional space at 4-10 Main Street offers a blank canvas for tenant improvements and added cash flow.Downtown Winchester is thriving ??? turn-key, stabilized, and priced to sell. Seize this opportunity!
Listed By
Agency Name: Tsubaki Group, LLC
Shown By
Agent Name: Tim Smith
Agent Phone: (606) 682-0320
Agency Title: SALLIE DAVIDSON, REALTORS
Estimated Payment
$ 6,195.02 per month $5,729.81 Principal & Interest $0.00 Property Tax (data not provided by mls) $465.21 Homeowner's Insurance
2 N Main Street | MLS# 25017572
This multi-family property located at 2 N Main Street, Winchester, KY 40391 is currently listed for sale with an asking price of $1,595,000. N Main Street is located within the Clark County - 7 school district. Search Winchester real estate on tsmith.salliedavidson.com today.