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About This Home
This 2-bedroom, 2-bathroom residential multi family at 11 Dalton Lane in Somerset, KY is listed for $550,000 ($550 per sqft). the home offers 1,000 sqft of living space on a 2.06 acres lot.
**Investment Opportunity: Own a Thriving Multi-Family Portfolio!** Discover an unparalleled investment opportunity with this impressive multi-family property, featuring **11 diverse units** Located just minutes from the local boatramp, this portfolio caters to both adventurous spirits and those seeking a serene retreat.
- **Diverse Unit Mix:** With 11 units varying in age and size, this property offers a unique blend of living spaces that appeal to a wide range of tenants ensuring consistent occupancy and maximizing your rental income. - **Proven Rental History:** This property boasts an impressive rental income of **$5500 per month**.
You can invest with confidence. - **Prime Location:** Just minutes from a popular boatramp, your tenants will enjoy easy access to outdoor adventures, making this property an irresistible choice for water enthusiasts. Not to far away is a variety of dining, shopping, and recreational opportunities.
- **Investment-Grade Features:** This multi-family portfolio is not just about the numbers; it's about the potential for growth. With opportunities for value-add renovations, you can increase rental rates and property appreciation over time. The varying ages and sizes of the units mean that there's room for strategic upgrades to enhance tenant appeal.
- **Property Management Potential:** If you're new to real estate investment or looking to expand your portfolio, this property can be easily managed. With established systems in place, you can focus on growing your investments while enjoying peace of mind knowing that your property is in good hands.
**Why Invest in This Multi-Family Portfolio?** - **Cash Flow Positive:** Generate significant income right from day one with a strong rental history. - **Strategic Growth:** Opportunities for renovations and upgrades to further enhance value. - **Community Amenities:** Proximity to parks, dining, and recreational facilities enrich the tenant experience.
Investing in real estate is not just about acquiring property; it's about securing your financial future. Don't miss this incredible opportunity to own a piece of a thriving rental market.
Key Features
- 2.06 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,942/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
11 Dalton Lane
Somerset, KY 42503
Rural
Property Details
Heating
Cooling
Questions & Answers
This 2-bedroom, 2-bathroom residential multi family at 11 Dalton Lane is listed at $550,000 ($550/sqft). The estimated monthly payment is $2,383 based on 20% down at 6.5% interest.
Key features include: 2.06 acre lot.
This property is listed by Millie King Weaver and can be reached at 6068751333 or milliekingrealtor@gmail.com.