Building Details

Year built 2006

Buildings 1

Listing Agency: SmithCO Real Estate Firm Show Phone

Listed By: Jenna Smith Sims Show Phone

Added: Sep 10 Changed: Oct 26 Last Checked: Oct 28 at 6:06PM

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MLS# 26024964

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Investment Insights

Based on property information with market context.

Set on 0.53 acres, this 3,690-square-foot, three-level lake home was built in 2006. The interior has bedrooms and bathrooms on each level, a main kitchen and living room, plus a second kitchen area, another living room, and a game room downstairs. A loft occupies the upper level, where one of two full laundry rooms is located; the other is on the lower level. The current setup accommodates 16 sleepers. An attached full garage and additional parking serve the property.

Lake views are framed by windows across all levels, and the multi-level deck provides outdoor gathering space. A walking trail connects the home to the waterfront. A public boat ramp, loading dock, and parking area are approximately 1 mile away by road; Burnside Marina is approximately 1 mile away by water. Burnside is about a 7-minute drive, while Conley Bottom and Lee’s Ford are each about a 20-minute drive. Somerset is approximately 10 miles away.

Key Highlights

• 3,690‑square‑foot home on a 0.53‑acre lot
• Three levels with bedrooms and bathrooms throughout; current setup sleeps 16
• Main kitchen plus a second kitchen area, game room, loft, and two full laundry rooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,066

Cap Rate

3.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$501,320 $501.3K

Cap Rate 7%

$358,086 $358.1K

Cap Rate 9%

$278,511 $278.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,690 SF

Gross rent

$47.8K $12.96/SF

− Vacancy

−$2.2K −$0.61/SF

EGI

$45.6K $12.35/SF

− OpEx

−$20.5K −$5.56/SF

NOI

$25.1K $6.79/SF

Area

Pulaski County, KY

Vacancy

4.70%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$501,320

Cap Rate 7%

$358,086

Cap Rate 9%

$278,511

Alternative Uses

Best Use

Apartment 5plus

$358.1K

$313.3K – $417.8K (±1% cap)

NOI $25,066 @ 7.0% cap · market cap 3.92%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$628.6K

$550.1K – $733.4K (±1% cap)

NOI $44,005 @ 7.0% cap · market cap 6.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Explore this area Business Placement

Demographics for 42518, KY

2,989

Population

2,152

Households

1.4

Avg Household Size

46

Median Age

17%

College-Educated

89%

High-School Grad

34.2 sq mi

ZIP Area

87

Density / Sq Mi

$52,472

Median Household Income

$33,438

Median Earnings

$838

Median Rent

$132,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Short term rental property - A three-level home offers multiple gathering spaces and sleeping arrangements for groups, with a walking trail leading to the waterfront.

Where is this short term rental property located?

The property is located at 333 Old Waitsboro Road Bronston, KY.

What is the asking price?

The asking price for this property is $640,000.

What are key features of this property?

This property features: 3,690‑square‑foot home on a 0.53‑acre lot; Three levels with bedrooms and bathrooms throughout; current setup sleeps 16; Main kitchen plus a second kitchen area, game room, loft, and two full laundry rooms