1 Briarwood Drive, Mt Sterling, KY 40353
$2,500,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
140,699
Status:
Closed
Current Price:
$2,500,000
List Date:
10/21/2021
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 20122891
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Business
Status Change Information
- Price Change Timestamp
- 2021-10-30T18:22:21Z
- Status Change Timestamp
- 2022-01-05
- Purchase Contract Date
- 2021-11-06
- Close Date
- 2022-01-05
- Close Price
- 2500000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
- Concessions Comments
- None
Address
- County
- Montgomery
- Street Number
- Yes
- Street Name
- Briarwood
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40353
- Parcel Number
- 23M-20-07-004.00
Contract
- Original List Price
- 3200000
- Start Showing Date
- 2021-10-21
- Listing Contract Date
- 2021-10-20
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- SP/LP
- 0.91
Tax Legal
- MLS Area Major
- 018 - Montgomery County
- Subdivision Name
- Downtown
Parking Information
- Parking Total
- 56
More Information
Building
- Year Built
- 9999
- Stories Total
- 2
Lot
- Lot Size Acres
- 3.23
- Lot Size Square Feet
- 140699
Remarks
- Public Remarks
- Attention Investors!! Very well maintained and sought after 36 unit apartment complex located on 3.5 acres in prime location off the Mt. Sterling Bypass close to shopping and restaurants with room to build an additional 12 units. Each unit is approx. 770 square feet with two bedrooms one bath, breakfast nook and family room and either a deck or patio and wired for Spectrum Cable. Each unit has a refrigerator, dishwasher, stove, washer, and dryer. Tenants pay their own electric and water. Four of the units were built in 1996, one in 2000 and the last one in 2004. Don't miss out on this investment opportunity.
Showing Information
- Showing Instructions
- Schedule through ShowingTime. Listing agent must be present to show.
Tax & Legal
- Tax Rate
- 12.25
- Zoning Description
- Residential
- Directions
- From I-64 Exit 110 in Mt. Sterling turn right at the end of the exit ramp and right on Indian Mound Drive, the Mt. Sterling bypass. turn left on Alexa drive, left onto Hawkins Drive and right on Briarwood Drive.
Utilities
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
- Other
- Yes
Construction Materials
- Brick
- Yes
- Vinyl Siding
- Yes
Parking Features
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Metal
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Water Heater
- Water Heater
- Yes
Building Features
- Fully Carpeted
- Yes
- Vinyl Flooring
- Yes
Business Type
- Commercial
- Yes
Ceiling
- Drywall
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
Tenant Pays
- Electricity
- Yes
- Sewer
- Yes
- Water
- Yes
Property Features
Utilities:
Electricity Connected; Sewer Connected; Water Connected; Other; Electricity Connected; Sewer Connected; Water Connected; Other
Building Features:
Fully Carpeted; Vinyl Flooring
Business Type:
Commercial
Ceiling:
Drywall
Construction Materials:
Brick; Vinyl Siding
Parking Features:
Paved
Possession:
Close Of Escrow
Roof:
Metal
Sale Includes:
Building(s); Land
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Tenant Pays:
Electricity; Sewer; Water
Water Heater:
Water Heater
Listing Office:
Caswell Prewitt Realty, Inc
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.