$990,000
PENDING

1 Sycamore Hill Carlisle, KY 40311

Estimated payment $6,219/month

Total Views 459
70 Beds
34 Baths
1 Sq Ft
$990,000 Price per Sq Ft

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Coin Laundry

About This Home

Investment Opportunity: 34 Unit Apartment Complex on 1.9 +/- Acres in Carlisle, KY. Introducing a rare opportunity to acquire a 5 building apartment complex with on site coin laundry. This high performing asset features 34 total units, thoughtfully divided into 6 one bedroom, 20 two bedroom, and 8 three bedroom apartments, offering a desirable unit mix that appeals to a wide tenant demographic. With current occupancy at 94 percent, this complex demonstrates strong rental demand and consistent cash flow. The on site coin laundry facility adds convenience for tenants and additional income potential for ownership. Located just minutes from local schools, shopping, and services, this property is ideally suited for both seasoned investors and those looking to expand their multifamily portfolio in a stable rental market. Property is in multiple offer situation, please have all offers submitted to listing agent no later than Saturday, June 7 2025 @ 3:00p.m. EST for Carlisle-Nicholas Co. Housing Authority Board review. Thank you.

Listing Agent

David Sparks

The Real Estate Co. License #220948 Listed on: 06/05/2025

Property Details

Home Type

  • Multi-Family

Parking

  • 55 Parking Spaces

Home Design

  • Shingle Roof

Bedrooms and Bathrooms

  • 70 Bedrooms
  • 34 Full Bathrooms

Schools

  • Nicholas Co Elementary And Middle School
  • Nicholas Co High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Air Source Heat Pump
  • Natural Gas Connected

Additional Features

  • 2-Story Property
  • 1.9 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number C02-03-009.00

Community Details

Overview

  • 5 Buildings
  • 34 Units
  • Downtown Subdivision

Amenities

  • Coin Laundry

Building Details

  • 2 Vacant Units
  • Other Expense $5,000
  • Vacancy Allowance $6
  • Gross Income $18,800

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 9999
  • Roof:Shingle: Yes
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 34
  • Total Bathrooms: 34
  • Total Bedrooms: 70
  • LivingArea: 1.0
  • Lot Size Area: 1.9
  • Total Stories: 2

Exterior Features

  • Roof: Shingle
  • List Price: 990000.0

Garage/Parking

  • Total Parking Spaces: 55.0

Utilities

  • Heating: Forced Air, Heat Pump
  • Cooling: Heat Pump, Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Schools

  • Elementary School: Nicholas Co
  • High School: Nicholas Co
  • Middle or Junior School: Nicholas Co

Lot Info

  • Lot Size Acres: 1.9
  • Lot Size Sq Ft: 82764.0
  • Parcel Number: C02-03-009.00
  • Zoning Description: Commercial

Multi Family

  • Gross Income: 18800.0
  • Number of Units Total: 34
  • Number of Units Vacant: 2
  • Vacancy Allowance Rate: 6.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 Pending -- -- --
06/05/2025 06/05/25 For Sale $990,000 -- $990,000 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25011828

ImagineMLS (Bluegrass REALTORS®)
Kentucky Nicholas County Carlisle 40311

1 Sycamore Hill, Carlisle, KY

This home is located at 1 Sycamore Hill, Carlisle, KY 40311 and is currently priced at $990,000, approximately $990,000 per square foot. 1 Sycamore Hill is a home located in Nicholas County with nearby schools including Nicholas County Elementary School and Nicholas County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 LBAR Multiple Listing Service. All Rights Reserved.

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Listing Agent
David Sparks
Section Image
The Real Estate Co.
(859) 449-2142