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$ 269,900
Price Dropped by $16K
118 Central Avenue Berea, KY 40403
6 Beds
4 Baths
2,248 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,248 sqft
Price per Sqft $120
Subdivision Downtown
MLS Listing ID 26001566
Bedrooms 6
Full Baths 2
Half Baths 2
Year Built 1994
Lot Size 7,274 Sqft
Acres 0.17
Property Sub-Type Duplex
Property Description
Fully occupied, turnkey duplex in Berea generating immediate cash flow with both 3BR/1.5BA units leased at $1,550/month, producing $3,100/month ($37,200 annually) in gross rental income. Property features stable annual leases, thoughtful interior updates, and energy-efficient improvements including updated HVAC systems, windows, and roofing. Utilities are currently included for both units, with total utility costs averaging approximately $500/month for the entire property. Annual property taxes are approximately $2,000, and insurance averages around $3,000/year. Walkable distance to Berea College, and conveniently located near I-75, local shops, restaurants, and outdoor recreation, this property offers a strong opportunity for investors seeking a stabilized, income-producing asset in a high-demand rental market.
Location
State KY
County Madison
Zoning Other
Interior
Heating Electric
Cooling Electric
Laundry Electric Dryer Hookup, Main Level, Washer Hookup
Exterior
Parking Features On Site, Paved
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Metal
Handicap Access No
Private Pool No
Schools
Elementary Schools Berea Community
Middle Schools Berea Community
High Schools Berea Community
Listed by Century 21 Pinnacle
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