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About This Home
This 37-bedroom, 20-bathroom residential multi family at 2 N Main Street in Winchester, KY is listed for $1,575,000 ($60 per sqft). the home offers 26,124 sqft of living space on a 0.22 acres lot.
Major CAPEX in 2022 & 2024 - Facade transformation, fully restored and renovated. Current grossing $168,000 annual rent, with $4,000/month upside - beats the 1% rule! The Kerr Building, the largest downtown historical landmark, features structural repairs, new roofing, brick tuck-pointing, secure key-fob entrances, central HVAC, modern kitchens, updated baths, and new flooring.
18 LIHTC apartments and 2 renovated ground-floor offices totaling 20 income-producing units. Additional space at 4-10 Main Street offers a blank canvas for tenant improvements and added cash flow. Downtown Winchester is thriving - turn-key, stabilized, and priced to sell. Seize this opportunity!
Key Features
- 0.22 acre lot
- 4 stories
Property Details
Monthly Cost Estimate
$8,423/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2 N Main Street
Winchester, KY 40391
Downtown
Questions & Answers
This 37-bedroom, 20-bathroom residential multi family at 2 N Main Street is listed at $1,575,000 ($60/sqft). The estimated monthly payment is $6,825 based on 20% down at 6.5% interest.
Key features include: 0.22 acre lot, 4 stories.
This property is listed by Blanca Cheung and can be reached at 8599133150 or blancali@yahoo.com.