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240 E Main St 5 Unit Apartment Building $552,579 CAD ($110,516 CAD/Unit) Mount Vernon, KY 40456

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INVESTMENT HIGHLIGHTS

  • Prime Rental Investment
  • On Main Street

EXECUTIVE SUMMARY

Prime Rental Investment Opportunity in the Heart of Mount Vernon Looking for a lucrative investment in a prime location? This 5-unit apartment complex being completely rented and located on Main Street in the heart of Mount Vernon is a rare find! Property Features: • 3 Units: 1 Bedroom, 1 Bath • 1 Unit: 2 Bedrooms, 1 Bath • 1 Unit: 3 Bedrooms, 1 Bath • Full basement currently rented, with potential to convert into a large apartment or office space for added income. •Updated Central heat and air units, plus City water and sewer services provide convenience and reliability. • A large, completely fenced-in backyard, perfect for tenants seeking outdoor space. • A spacious blacktop parking lot offers ample parking for all residents. Prime Location: Situated on Main Street, this property is in the heart of town, offering tenants easy access to local shops, restaurants, and amenities. This desirable location ensures low vacancy rates and steady rental income. With its versatility, prime location, and untapped potential in the basement, this property is a fantastic opportunity for seasoned investors or those just starting their real estate journey!

PROPERTY FACTS

Price $552,579 CAD
Price Per Unit $110,516 CAD
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.35 AC
Building Size 5,600 SF
No. Stories 2
Year Built 1992

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
046W-07-009
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$458,286 CAD
  • Listing ID: 36302577

  • Date on Market: 2025-06-18

  • Last Updated:

  • Address: 240 E Main St, Mount Vernon, KY 40456

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