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.
Details
| MLS # | 26001566 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1994 |
| Days On Site | 211 |
| Listing Provided By | Century 21 Pinnacle | Bill Adams |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,248 |
| Building(s) | 1 |
| Zoning | Other |
| Acreage | 0.17 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Metal |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Paved |
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|
Area Information
| State | KY |
|---|---|
| County | Madison |
| City | Berea |
| Zip Code | 40403 |
| Area | 008 Madison County |
| Subarea | Madison County |
| Community Name | Downtown |
| School District | Berea Independent |
| Elementary School | Berea Community |
| High School | Berea Community |
| Listing VS Median (in Downtown) | |
Price: $269,900 low | high Med: $225,000 sqft: 2,248 low | high Med: 1,550 $ / sqft: $120 low | high Med: $145 On site: 211 low | high Med: 220 | |
Market Activity 40403
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Learn More About This Property
| State | KY |
|---|---|
| County | Madison |
| City | Berea |
| Zip Code | 40403 |
| Area | 008 Madison County |
| Subarea | Madison County |
| Community Name | Downtown |
| School District | Berea Independent |
| Elementary School | Berea Community |
| High School | Berea Community |
| Listing VS Median (in Downtown) | |
Price: $269,900 low | high Med: $225,000 sqft: 2,248 low | high Med: 1,550 $ / sqft: $120 low | high Med: $145 On site: 211 low | high Med: 220 | |
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