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Walton,KY 41094
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,712 sqft
Price per Sqft $182
MLS Listing ID 627562
Year Built 1970
Lot Size 0.930 Acres
Property Description
This 10-unit (7-2br, 3-1br) multifamily property located in the heart of Walton, KY, presents a value-add investment opportunity. The building is well-situated on N Main Street, providing easy access to local amenities, schools, and transportation, making it attractive to tenants seeking a convenient lifestyle.
With a mix of unit sizes, there's tremendous upside potential through strategic renovations, repositioning, and market rent increases. Property is currently vacant but has strong bones, an investor can expect a twenty percent upside by upgrading interiors, optimizing the unit layouts, and modernizing the common areas.
ARV: $1,084,000 Repairs: $250,000
Whether you're a seasoned investor or looking to expand your portfolio, this is the perfect chance to maximize value in a growing market. Walton is seeing a surge in development, making this property ideally positioned for appreciation. Take advantage of this rare opportunity to acquire a multifamily asset with untapped potential in an area with a strong rental demand and excellent growth prospects.
Location
State KY
County Boone
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Garage Parking Lot
Utilities Available Natural Gas Available,Water Available
View Y/N N
Roof Type Shingle
Building
Story Two
Foundation Block,Stone
Sewer Public Sewer
Schools
Elementary Schools Walton-Verona Elementary
Middle Schools Walton-Verona Middle
High Schools Walton-Verona High
Others
Special Listing Condition Standard