Property profile

200 Melody Ln Berea, KY 40403

OFF-MARKET
Apartment buildings
6,044 SF 0.73 ac lot Built 1980
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Year built 1980
Total area 6,044 SF
Lot 0.73 ac (31,799 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

200 Melody Ln Berea, KY 40403
Berea metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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