200 Melody Ln Berea, KY 40403
- Apartment buildings
- 6,044 SF
- 0.73 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 200 Melody Ln
- Year built
- 1980
- Lot size
- 0.73 lot acres
- Property size
- 6,044 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained six-unit apartment building situated on a 0.73-acre lot in Berea, Kentucky. The property, comprised of three separate duplex buildings, boasts a total of 6,044 square feet and is currently operating at 100% occupancy, providing immediate cash flow. Constructed in 1980, the two-story buildings are situated at 200 Melody Ln, Berea, KY 40403, offering a prime location within Madison County. Each unit contributes to the strong rental income generated by this property. The asking price for this turnkey investment is $600,000. This represents a compelling opportunity for investors seeking a stable, high-occupancy multifamily asset in a desirable Kentucky market. The property's excellent condition and high occupancy rate make it an attractive prospect for both seasoned and new investors. The substantial lot size offers potential for future expansion or development, adding further value to this already strong investment. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berea
- County
- Madison
- State
- Kentucky
- Longitude
- -84.2819
- Latitude
- 37.5874
