About This Home
This 3-bedroom, 3-bathroom multi-family at 209 S 1st Street in Nicholasville, KY is listed for $224,900 ($76 per sqft). the home offers 2,941 sqft of living space on a 0.23 acres lot.
Key Features
- Built in 1791
- 0.23 acre lot
Property Details
Amenities
Investment opportunity in the heart of downtown Nicholasville! This income-producing triplex at 209 South 1st Street offers an excellent chance to start or expand your investment portfolio. All three units are currently occupied by month-to-month tenants, providing immediate rental income with future flexibility for the next owner.
*Additional photos coming soon.* Professionally managed for the past two years, the property has been consistently maintained and presents a solid foundation for an investor looking to add value. While the property could benefit from some TLC and cosmetic updates, it is priced accordingly and offers significant upside potential.
Even better, this property is listed well below its current appraised value, making it an exceptional opportunity for investors seeking equity from day one. Whether you're looking for a long-term hold, value-add project, or addition to an existing rental portfolio, this downtown location offers a consistent rental base due to convenience to shopping, dining, parks, and major commuter routes.
Don't miss this chance to own a cash-flowing multifamily property with immediate income, upside potential, and attractive pricing. Inspections welcome, property being sold "AS IS." Cash & conventional offers preferred. Listing agent has familial relationship with personal representative of the estate.
Monthly Cost Estimate
$1,203/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
209 S 1st Street
Nicholasville, KY 40356
Downtown
Property Details
Heating
Cooling
Questions & Answers
This 3-bedroom, 3-bathroom multi-family at 209 S 1st Street is listed at $224,900 ($76/sqft). The estimated monthly payment is $1,203 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1791, 0.23 acre lot.
This property is listed by Randi Mjos and can be reached at 8595394940.
