217 S Main St Cynthiana, KY 41031
Estimated payment $5,045/month
About This Home
Incredible opportunity to own an updated 11 unit apartment building with the potential of two more units or 2500 sq feet of retail space. the apartments are in high demand and all units are 100% rented. 8 one bedroom one bath and 3 two bedroom one bath units with recent updates. All lights have been converted to LED.Electric and plumbing totally renovated 2002. Exterior painted 2019. New roof installed 2023. Total renovation of 1st floor in 2023. 4 HVAC units installed 2023 and one in 2024. Upstairs apartments renovated in 2022-23. Upstairs units are electric wall heat and window AC. There are 28 private parking spots along with 2 handicap spaces. There is also a city park alongside the building.Apartment building has three address 217,219, 221 S Main st. Property is in flood plain and currently paying $525 monthly.
Property Details
Home Type
- Apartment
Year Built
- Built in 1841
Lot Details
- 0.83 Acre Lot
Home Design
- Shingle Roof
Interior Spaces
- 10,600 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
Parking
- Parking Available
- On-Site Parking
Schools
- Harrison Co Elementary And Middle School
- Not Applicable Middle School
- Harrison Co High School
Utilities
- Cooling Available
- Forced Air Heating System
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 103-1016-008-00-000
Community Details
Overview
- 11 Units
- Downtown Subdivision
Building Details
- 1 Vacant Unit
- Insurance Expense $525
- Gross Income $10,025
- Net Operating Income $7,555
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | Price Changed | $799,900 | -12.1% | $75 / Sq Ft |
| 03/29/2025 03/29/25 | Price Changed | $910,000 | -8.1% | $86 / Sq Ft |
| 02/23/2025 02/23/25 | For Sale | $990,000 | -- | $93 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25003205
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