416/418 South Main Street

Somerset, KY
$ 1,100,000 Beds 32 Baths 16
Monthly Estimate* How much can I afford?

They say to become rich you have to make money while you're sleeping, and multi-housing units is where it is at!!! Now is your opportunity to own this 16 unit apartment complex in downtown Somerset, KY. Not only is the downtown being revitalized, but right around the corner is the announced location for the new University of Somerset. Currently the owner only charges $700 a month and pays utilities, but with the average rent for a 2 bedroom in Somerset being between $650-$750 a month, there is a lot of room for even more earning potential, and with the University being built so close, this would be a prime location for those looking to attend the University! All 16 units are rented, with 10 of the 16 being under lease and 6 being month to month. Don't miss your opportunity to begin building, or expanding upon, your empire!

Multi-Family

  • Price
  • $ 1,100,000
  • Lot Size
  • 0.93 Acres
  • Bedrooms
  • 32
  • Full Bathrooms
  • 16
  • Half Bathrooms
  • 0
  • City, Zip
  • Somerset
  • County
  • PULASKI
  • Style
  • Apartments
  • Area
  • 045 - Pulaski County
  • MLS#
  • 20117474
  • Zip
  • 42501
Listing Provided by: Realty World Dowell & Associates
Data Source: Lexington Bluegrass MLS (LBAR) - 88 - KY

Features

General

# of Buildings Two
Area 045 - Pulaski County
City Somerset
Cooling Electric
County Pulaski
Directions From the fountain square in Downtown Somerset, head Southbound on South Main St. Pass the public library and go around the curve. As you start going down the hill
Geo Lat 37.08811
Geo Lon -84.604703
Heating Electric
Intermediate School Not Applicable
Listing Member Name Timothy R Phelps
Listingofficephone (606) 219-4845
Parking 36 - 55 Spaces
Property Type F
Status Active
Street Name Main
Structure Type Apartments
Subdivision Downtown
Year Built 9999

Interior Features

Full Baths 16
Stories Two
Total Baths 16.00
Total Bedrooms 32
Unit Info: # Of Units 16

Exterior Features

Lot Size Acres 0.9300
Lot Size Square Feet 40511.00
Mls Identifier 20180201170722572567000000

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

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Somerset, KY office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/17/2021 Listed $1,100,000

Property vs Zip Code Average in 42501

Price
AVG $580K
$1.1M
Visits
AVG 76
161
Walkscore
AVG 21
45
Data Provided by Walkscore ® not using MLS data

Map

416/418 South Main Street Somerset, KY is a Single Family Home for sale at $1100000 and a lot size of 0.93 Acres Acre(s). 416/418 South Main Street Somerset has 32 bedrooms, 16 baths . The property's zip code is 42501 which is in Somerset, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.