NOT LISTED FOR SALE

2408 Argillite Rd Flatwoods, KY 41139

Estimated Value: $196,878

-- Bed
2 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold September 27, 2024

Last sale price $192,000

Est. 3% increase in value since last sale

Current estimated payment $1,159/month

109 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • 2-minute walk to Flatwoods Park
  • Russell Primary School Rated A

About This Home

As of September 2024

Discover an exceptional investment opportunity with this four-apartment complex, perfectly positioned for convenience and comfort. Situated in a fantastic location, each of the units offers easy walking distance to a plethora of amenities, ensuring your tenants have everything they need just steps from their door. The diverse range of apartments includes: One 1-Bedroom Apartment: cozy yet spacious apartment combines comfort with style, providing a perfect retreat after a busy day. This unit is currently occupied with approximately 6 months left on the current lease Two 2-Bedroom Apartments: these apartments offer ample space, ensuring everyone has their personal retreat while also featuring areas to come together and create memories. One 3-Bedroom Apartment: this unit caters to larger groups desiring extra space and comfort, featuring generous living areas that serve as the heart of the home. Every apartment within our complex has been updated at various times in the last couple years. From the welcoming interiors to the functional layout, each detail has been considered to ensure utmost comfort for your tenants. In 2017, new roof was installed to further safeguard a future owners investment. This year the continued upkeep included new siding, not only improving the aesthetic appeal of the complex but also enhancing the durability and longevity. Parking will never be a concern, as ample parking is available for residents, catering to convenience both in front of the complex and around back depending on the tenants apartment's location. Only one of the units is currently occupied at a modest rent that has opportunity for improvement. The other 3 units are move in ready for the next owner to set a current market rent and immediately have ROI potential.

Last Agent to Sell the Property

Ryan Keeton

EXP Realty, LLC License #222486 Listed on: 05/11/2024

EXP Realty, LLC

Last Buyer's Agent

Ryan Keeton

EXP Realty, LLC License #222486 Listed on: 05/11/2024

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,376

Lot Details

  • 7,841

Home Design

  • Quadruplex
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Laundry in unit

Additional Features

  • Level Lot
  • Forced Air Heating and Cooling System

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,376

Lot Details

0

Listing Details

  • OFFICELIST_ADDRESS: 2408 Argillite Road
  • Second Address Number: 2408
  • Directions: From US 23 take Argillite Rd. The property sits on the left right before reaching the intersection Bellefonte rd.
  • Geo Address Line: 2408 Argillite Rd
  • Geo Longitude: -82.722363
  • Geo Primary City: Flatwoods
  • Geo Quality: 0.95
  • Geo Subdivision: KY
  • Geo Zoom Level: 16
  • Selling Agent1: 971
  • Selling Office1: 204
  • OFFICELIST_STATE: KY
  • Street Designation: Road
  • Home Age: Unknown
  • Laundry Area: In Apartment
  • Building Stories: 2 Story
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: No
  • Basement Type: 4-Plex

Exterior Features

  • Exterior: Vinyl Siding
  • Roof: Rubberized
  • Topography: Level

Utilities

  • Cooling: Central
  • Heating: Forced Air Gas
  • Water Sewer Description: Public Sewer, Public Water
  • Utilities: Owner Pays Water, Owner Pays Garbage

Fee Information

  • Tax Class: MULTI-FAMILY
  • Trash Expense: water and garbage
  • Rent Income: 2900 potential

Lot Info

  • Geo Update Timestamp: 2024-05-11

Multi Family

  • Num1 Bdrm Units: One Bath, Living Room, Kitchen/Dining, Wash/Dryer Hookup
  • Num2 Bdrm Units: One Bath, Two Or More Bed, Living Room, Kitchen/Dining, Wash/Dryer Hookup, Common Outside, Refrigerator
  • Num3 Bdrm Units: One Bath, Living Room, Kitchen/Dining, Washer/Dryer Hookups, Common Outside, Oven/Range, Refrigerator
  • Number1 Bedrooms: 1
  • Number2 Bedrooms: 2
  • Number3 Bedrooms: 1
  • Total Numberof Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2015
Closed on
Feb 5, 2016
Sold by
Bryan Amy G
Bought by
Pursuit Investments Llc
Seller's Agent
Johnda McGuire
Realty Exchange
Buyer's Agent
Johnda McGuire
Realty Exchange
Sold Price
$85,500
Current Estimated Value
$196,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,378
Avg. Annual Appreciation
8.99%
Original Mortgage
$89,500
Outstanding Balance
$38,583
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$158,295

Purchase Details

Closed on
Oct 30, 2008
Sold by
Meenach Properties Llc
Bought by
Bryan Jerry M and Bryan Amy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,155
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2008
Sold by
Gmac Mortgage Llc
Bought by
Meenach Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,155
Interest Rate
6.11%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pursuit Investments Llc -- None Available
Bryan Jerry M $39,500 --
Meenach Properties Llc $28,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pursuit Investments Llc $89,500
Previous Owner Bryan Jerry M $35,155
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2024 09/27/24 Sold $192,000 -15.4% --
07/19/2024 07/19/24 Price Changed $227,000 -8.1% --
05/11/2024 05/11/24 For Sale $247,000 +188.9% --
02/05/2016 02/05/16 Sold $85,500 -- -- View Prior Sale
12/07/2015 12/07/15 Pending -- -- --
Source: Ashland Area Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,376 $85,500 $38,000 $47,500
2023 $1,353 $85,500 $38,000 $47,500
2022 $1,348 $85,500 $38,000 $47,500
2021 $1,350 $85,500 $38,000 $47,500
2020 $1,325 $85,500 $38,000 $47,500
2019 $1,318 $85,500 $38,000 $47,500
2018 $1,332 $85,500 $38,000 $47,500
2017 $993 $85,500 $38,000 $47,500
2016 $993 $65,000 $38,500 $26,500
2015 $864 $58,000 $38,500 $19,500
2014 $824 $58,000 $38,500 $19,500
2011 -- $58,000 $38,500 $19,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ashland Area Board of REALTORS®

MLS Number: 56931

APN: 183-10-09-030.00