Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.