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118 Central Ave, Berea, KY 40403

$269,900
: 6
BD
: 4
BA
: 2,248
SqFt

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List Price: $269,900
Price Change: ▼ $16,100 1785961586
MLS#: 26001566
Status: ACTIVE
Type: Multifamily
City: Berea
Area: 008 - Madison County
County: Madison
Bedrooms: 6
Bathrooms: 4
Living Area: 2,248
Lot Size: 7,274
Year Built: 1994

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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.

502-839-7409

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Additional Information

Acres: 0.17
Living Area: 2,248
Parking Spaces: 4
Region: 008 - Madison County
Subdivision: Downtown
Utilities: Electricity Available, Sewer Connected, Water Available
Zoning: Other