London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale
BEDS6
BATHS2 full 2 partial
SQUARE FEET2,248
MLS#26001566
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDowntown
SCHOOLBerea Independent
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Electric
Fuel Type: Electric
Heating: Electric
Lot Size: 0.17 Acres
Roof Type: Metal
Year Built: 1994
Feature Descriptions
Days on Site: 133
Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
Lot Dimensions: 0.167 acre(s)
Parcel #: B010-0016-0002
Parking Notes: On Site, Paved
Structure Type: Duplex
Utilities: Electricity Connected, Sewer Connected, Water Connected
Local Schools
High School: Berea Community
Middle School: Berea Community
Elementary School: Berea Community
School District: Berea Independent
Listed By / Shown By
Listed By
Agency Name: Century 21 Pinnacle
Shown By
Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000
Estimate Your Payment
Estimated Payment
$ 1,125.98 per month $1,041.42 Principal & Interest $0.00 Property Tax (data not provided by mls) $84.55 Homeowner's Insurance
118 Central Avenue | MLS# 26001566
This multi-family property located at 118 Central Avenue, Berea, KY 40403 is currently listed for sale with an asking price of $289,900. Central Avenue is located within the Berea Independent school district. Search Berea real estate on www.salliedavidsonrealtors.com today.