$2,890,000
2007 S Main Street, Paris, KY 40361
- 16,950
- sqft
- 0.64
- acres
- Business
- Property type
- 2023
- Year built
- 0.64 acres
- Lot size
- $171
- Price / sq ft
Listing Description
Turnkey 15-Unit Multifamily Asset | Brand New 2023 Construction | Rare 8.00% CAP Rate - Seize a rare opportunity to acquire a cash-flowing, institutional-quality multifamily asset built completely new in 2023. This uniform 15-unit apartment building features an ideal mix of fifteen identical 2-bedroom, 1-bathroom layouts, offering maximum operational efficiency and minimal maintenance overhead. Delivering an immediate, institutional-grade 8.00% capitalization rate on current in-place income, this asset represents a premier choice for 1031-exchange investors or private equity portfolios looking for high yields without the typical headaches of vintage assets.
Listed by Kentucky Prime Realty, LLC · stevewestatty@hotmail.com
MLS #26025114 · Listing provided by
Shelby & Drake JohnsonFive Pillars Team · eXp Realty
Home Details
- Property type
- Business
- Year built
- Built in 2023
- Lot size
- 0.64-acre lot
- Price / sq ft
- $171 / sq ft
Interior
- 0 bathrooms
Property
- Business
- 16,950 sq ft
- 0.64-acre lot
Construction
- Built in 2023
- Flat, Rubber, Dimensional Style
- Heating: Heat Pump
- Cooling: Heat Pump
Show all home details
Exterior & parking
- Roof
- Flat, Rubber, Dimensional Style
- Parking features
- On Site, Other
Utilities & comfort
- Heating
- Heat Pump
- Cooling
- Heat Pump
Services Availability
- Internet
- Not reported
- Utilities
- Not reported
- Parking
- On Site, Other
Property & Price History
| Date | Event | Price |
|---|---|---|
| Sep 11, 2026 | Listed for sale | $2,890,000 |
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Property Documents
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Estimate Your Monthly PaymentMonthly payment
Estimated monthlyEst. payment
$18,416/mo
30-year fixed · 6.75% assumed rate
- Principal & interest
- $14,996
- Taxes
- $2,577
- Other costs
- $843
- $2,890,000
- Home price
- 20% · $578,000
- Down payment
- 6.75%
- Interest rate
- 30 years
- Loan term
Payment Breakdown
- Principal & interest
- $14,996
- Estimated property taxes
- $2,577
- Home insurance
- $843
- HOA
- Not provided
- Utilities
- Not included
Estimate only. Utilities not included. HOA not provided.Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary. HOA is not included because its monthly amount is unavailable.
Adjust Payment Details
Payment Breakdown
- Principal & interest
- $14,996
- Estimated property taxes
- $2,577
- Home insurance
- $843
- HOA
- Not provided
- Utilities
- Not included
Illustrative estimate, not a loan offer. Taxes (1.07%/year) and insurance (0.35%/year) use assumptions; actual costs and available rates vary. HOA is not included because its monthly amount is unavailable.
Travel Times and Accessibility
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- Walk Score
- —
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- Bike Score
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Assigned Schools
Elementary School
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Middle School
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High School
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Shelby & Drake JohnsonFive Pillars Team · eXp Realty