About This Home
This 6-bedroom, 6-bathroom multi-family at 623 N 20th Street in Middlesboro, KY is listed for $229,500 ($85 per sqft). Built in 1946, the home offers 2,700 sqft of living space on a 0.36 acres lot.
Key Features
- Built in 1946
- 0.35 acre lot
Property Details
Amenities
Excellent investment opportunity with a strong ~9% cap rate at asking price! This unique 4-unit property offers incredible versatility-perfect as a pure cash-flowing asset or an ideal opportunity to live in one unit while renting out the other three. The property consists of four fully occupied units: a main multi-family building featuring one 2-be
droom unit and two 1-bedroom units, plus a detached, standalone 2-bedroom, 2-bathroom manufactured home. All units have been historically well-maintained, feature newer appliances, and have received numerous updates and improvements over the years. Currently rented at stable, conservative rates, this property offers an immediate return on investment with substantial upside potential to increase rents to market value. A formidable long term opportunity.
Monthly Cost Estimate
$1,227/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
623 N 20th Street
Middlesboro, KY 40965
City Limits
Property Details
Heating
Cooling
Questions & Answers
This 6-bedroom, 6-bathroom multi-family at 623 N 20th Street is listed at $229,500 ($85/sqft). The estimated monthly payment is $1,227 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1946, 0.35 acre lot.
This property is listed by Derek Eisenberg and can be reached at 8779965728.