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Address Not Available By Request

Walton, KY 41094
  • $495,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 627562
UPDATED: 28 min ago
$495,000
  • 0
    BEDS
  • 0.93
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:
School District:

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.

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Northern Kentucky MLS logo © 2024 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Jim Simpson Realtors Inc are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All data provided is copyrighted by the Northern Kentucky Multiple Listing Service, Inc. Its use is strictly for consumers of real estate and may only be displayed on the internet by participating members of the Northern Kentucky Multiple Listing Service. All attempts to illegally reproduce or host this data will be prosecuted to the fullest extent of the law. Data last updated: 2024-11-09T21:24:26.237.
www.jimsimpsonrealtors.com/homes/157115796
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Address Not Available By Request Walton, KY 41094

  • Price: $495,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 28 min ago
  • MLS #: 627562
0
Beds
0
Baths
0
½ Baths
0.93
Acres
1970
Built
Neighborhood:
Richwd/Un/Wal/Ver/Sb
County:
Boone
Area:
Richwd/Un/Wal/Ver/Sb
Elementary School:
Walton-Verona Elementary
Middle School:
Walton-Verona Middle
High School:
Walton-Verona High
School District:
Walton Verona Indep
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.
Exterior Features

Attached Garage YN No Construction Materials Brick Foundation Details BlockStone Levels Two Parking Features Parking Lot Roof Shingle

Interior Features

Appliances See Remarks Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Natural Gas Heating YN Yes Living Area 2712 Window Features Other

Property Features

Lot Size Dimensions irregof record Property Class MultiFamily Property Condition Existing Structure Property Sub Type Multi Family Sewer Public Sewer Utilities Natural Gas AvailableWater Available Water Source Public

Northern Kentucky MLS logo Courtesy of Berkshire Hathaway Home Services Professional Realty: 859-525-8600. © 2024 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. Information has not been verified, is not guaranteed, and subject to change.


Northern Kentucky MLS logo © 2024 Northern Kentucky Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Jim Simpson Realtors Inc are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. All data provided is copyrighted by the Northern Kentucky Multiple Listing Service, Inc. Its use is strictly for consumers of real estate and may only be displayed on the internet by participating members of the Northern Kentucky Multiple Listing Service. All attempts to illegally reproduce or host this data will be prosecuted to the fullest extent of the law. Data last updated: 2024-11-09T21:24:26.237.
 
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Jim Simpson Realtors Inc
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Dry Ridge KY, 41035