West Main Street

$1,290,000, 5.35 Acres

About This Property

Builders/investors here is your chance to hit the ground running with over 5 acres Concept for an 80 unit multi-family complex with 34 single car garages has been signed off on and approved by city. Apartments will be located on the corner of bypass and Main Street !!! Purchase comes with completed engineer plans and building plans. Estimated rents between 85K-90K a month easily. ( $1,050,000 annual estimated rental income)***Sale can be combined with adjacent property currently for sale located at 100 Summit Dr which has 36 apartments on 2 acres with a current yearly gross income of $312,000.

Essential Information

MLS® #22010211
Price$1,290,000
Bathrooms0.00
Acres5.35
TypeLand - Farm/Land
Sub-TypeLot
StatusActive

Community Information

AddressWest Main Street
AreaMontgomery County
SubdivisionDowntown
CityMt Sterling
CountyMontgomery
StateKY
Zip Code40353

Amenities

ViewNeighborhood

School Information

HighMontgomery Co

Additional Information

Date ListedMay 18th, 2022

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Listing Provided Courtesy of: Positive Property Management

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