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37 N Maysville St
Mount Sterling, KY 40353
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B
What's Special
<p>23-unit commercial multifamily apartment building totaling 21,800 SF</p><p>Historic 1890 building with stone facade in downtown Mt. Sterling, KY</p><p>Major renovations underway: new roof, new windows, new electrical and plumbing in all units, framing and structural repairs, new fire sprinklers in all units</p><p>Potential parking options behind the building</p><p>Gross annual rent potential of $268,288 with projected NOI of $183,774 as complete</p><p>B-3 zoning with stable property values in
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547