Mt Sterling, KY 40353,600 Magnolia Drive

$148,000

Est. payment /mo

$162,000

8.6%
Est.Price: ?

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600 Magnolia Drive Mt Sterling, KY 40353

6 Beds

2 Baths

1,882 SqFt

SOLD DATE : 11/05/2024

Key Details

Sold Price $148,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,882 sqft

Price per Sqft $78

Subdivision Garden Springs

MLS Listing ID 24010851

Sold Date 11/05/24

Bedrooms 6

Full Baths 2

Year Built 1976

Lot Size 0.289 Acres

Property Description

*Serious Buyers Only *Duplex is available for single duplex contract offers and listed for the current appraised value of $162k as of April 2024 *Appraisal report & appraisal photos available upon request *Pre-approval letter or proof of cash funds required for ability to purchase in advance of scheduling any showing appointment *Minimum 48 hour notice required for all showings *Tenants are on month to month leases and have been tenants for more than 5 years *Current rent for the 2 units are $650 for one side & $700 for the other side *Both units are due $100 per month increases of $100 in February 2025 and both tenants are aware of the future increases *Appraisal estimated monthly market rent $1,350 total of both sides *Roof is approx. 7 years old *Short drive to Botts Park & Easy Walker Park *Sold As-Is, no seller repairs or improvements *Terrific opportunity to begin your own real estate investment business! Possible purchase package acceptable with 596 Magnolia, 1204 Larkwood, 1205 Larkwood, 709 Melanie, 738 Cobbler. *Call, text or email for more information today!

Location

State KY

County Montgomery

Interior

Heating Forced Air, Electric

Cooling Electric

Exterior

Waterfront No

View Y/N N

Roof Type Metal

Building

New Construction No

Schools

Elementary Schools Mt Sterling

Middle Schools Mcnabb

High Schools Montgomery Co

School District Montgomery County - 18

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Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by RE/MAX Creative Realty

Josh Webb

Agent | License ID: 260937

+1(859) 388-4785

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