5050 Ky Route 114 Prestonsburg, KY 41653
Estimated payment $1,894/month
Highlights
- Covered patio or porch
- Central Air
- Heating System Uses Natural Gas
- Double Pane Windows
About This Home
Income-Producing Quadplex with Endless Potential! This property is a must see for the savvy investors! Featuring a quadplex with three units currently renting for $750/month, this is an excellent opportunity for immediate cash flow. The property also boasts a 1,620 sq. ft. warehouse with soaring 16-foot ceilings, offering incredible flexibility to maximize your investment. Easily convert the downstairs area into 4 matching rental units, doubling your income potential. Situated in a desirable area with growing demand for both residential and commercial spaces. Multiple paths to increase revenue. Schedule your private showing today!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 2,184 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Stove
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Schools
- Prestonsburg Elementary School
- Adams Middle School
- Prestonsburg High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Septic Tank
Additional Features
- Covered patio or porch
- 1 Acre Lot
Community Details
- 6 Units
Map
Home Values in the Area
Average Home Value in this Area
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 | -- | $46,000 | $16,000 | $30,000 |
| 2023 | $55 | $46,000 | $0 | $0 |
| 2022 | $55 | $4,500 | $0 | $0 |
| 2021 | $55 | $4,500 | $0 | $0 |
| 2020 | $69 | $45,000 | $0 | $0 |
| 2019 | $69 | $5,700 | $0 | $0 |
| 2018 | $90 | $45,000 | $0 | $0 |
| 2017 | $89 | $45,000 | $0 | $0 |
| 2016 | $89 | $45,000 | $0 | $0 |
| 2015 | $60 | $45,000 | $0 | $0 |
| 2014 | $60 | $45,000 | $0 | $0 |
| 2013 | $60 | $45,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | Price Changed | $339,000 | -5.6% | $155 / Sq Ft |
| 03/31/2025 03/31/25 | For Sale | $359,000 | 0.0% | $164 / Sq Ft |
| 02/23/2025 02/23/25 | Off Market | $359,000 | -- | -- |
| 12/07/2024 12/07/24 | For Sale | $359,000 | -- | $164 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $56,283 | Commercial | |
| Closed | $58,219 | Unknown | |
| Closed | $45,371 | Unknown | |
| Closed | $15,984 | Unknown | |
| Closed | $107,520 | Unknown | |
| Closed | $22,405 | Unknown | |
| Closed | $18,538 | Unknown | |
| Closed | $15,169 | Unknown | |
| Closed | $126,832 | Unknown | |
| Closed | $0 | Unknown | |
| Closed | $22,914 | Unknown | |
| Closed | $15,320 | Unknown | |
| Closed | $10,150 | Unknown |
Source: Eastern Kentucky Association of REALTORS®
MLS Number: 124198
APN: 397
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