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About This Home
This 6-bedroom, 3-bathroom residential multi family at 118 Central Avenue in Berea, KY is listed for $289,900 ($129 per sqft). Built in 1994, the home offers 2,248 sqft of living space on a 0.17 acres lot.
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.
Key Features
- Built in 1994
- 0.17 acre lot
- 2 stories
- 4 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$1,550/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
118 Central Avenue
Berea, KY 40403
Downtown
Property Details
Heating
Cooling
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 118 Central Avenue is listed at $289,900 ($129/sqft). The estimated monthly payment is $1,256 based on 20% down at 6.5% interest.
Key features include: Built in 1994, 0.17 acre lot, 2 stories, 4 parking spaces.
This property is listed by Bill Adams and can be reached at 8593027878 or bill@c21thepinnacle.com.
