305 East Main Street

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6 Units! 305 East Main Street, Vinegrove, Ky 40175

Breakdown of units
2 Two bed/1 baths
2 One bed/1 baths
2 Studios

5 Units occupied

Current total rent coming in is $1,400 total

All tenants are on M2M leases

Seller pays water and covers electric on one unit only

Roof is 15 years old
Separately metered

Each unit has a furnace and a/c unit

My opinion would be to evict all tenants and do minimal rehabs on all units to get market rent of $850 for 2 bed/1 bath, $700 for 1 bed/1 baths and $600 for Studios

Market rent would be $4,300/month

Pictures

https://photos.app.goo.gl/v5hwgs9WSh5jHFEC9


We are asking $360k for it ($60k/door)


I will be showing it this Thursday!

Do you want to see it with me on Thursday?