1 Sycamore Hill Street, Carlisle, KY 40311
$1,326,000
Property Type:
Residential Income
Bedrooms:
70
Baths:
34
Square Footage:
1
Lot Size (sq. ft.):
82,764
Status:
Closed
Current Price:
$1,326,000
List Date:
6/05/2025
Last Modified:
11/17/2025
Listing Details MLS# 25011828
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Apartment
Status Change Information
- Status Change Timestamp
- 2025-10-18
- Purchase Contract Date
- 2025-06-09
- Close Date
- 2025-10-17
- Close Price
- 1326000
- Buyer Financing
- Cash
- Sale Type
- Arms Length Sale
Address
- County
- Nicholas
- Street Number
- Yes
- Street Name
- Sycamore Hill
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40311
- Directions
- From Main St. in Carlisle turn onto Sycamore St. At Stop Sign turn left then right onto Sycamore Hill St. Go to end of Street and property is the apartment complex on the Right.
- Parcel Number
- C02-03-009.00
Contract
- Original List Price
- 990000
- Start Showing Date
- 2025-06-04
- Listing Contract Date
- 2025-06-04
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Sycamore Hill Apts.
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 521052.63
- List Price/SqFt
- 990000
- Sold Price/Acre
- 697894.74
- Sold Price/SqFt
- 1326000
- SP/LP
- 1.34
Tax Legal
- MLS Area Major
- 017 - Nicholas County
- Subdivision Name
- Downtown
- High School District
- Nicholas County - 17
Interior
- Bedrooms Total
- 70
- Bathrooms Total
- 34
- Bathrooms Full
- 34
- Living Area
- Yes
- Bathrooms Half
- 0
More Information
Parking Information
- Parking Total
- 55
Building
- Year Built
- 9999
- Stories Total
- 2
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 1.9
- Lot Size Square Feet
- 82764
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- Investment Opportunity: 34 Unit Apartment Complex on 1.9 +/- Acres in Carlisle, KY. Introducing a rare opportunity to acquire a 5 building apartment complex with on site coin laundry. This high performing asset features 34 total units, thoughtfully divided into 6 one bedroom, 20 two bedroom, and 8 three bedroom apartments, offering a desirable unit mix that appeals to a wide tenant demographic. With current occupancy at 94 percent, this complex demonstrates strong rental demand and consistent cash flow. The on site coin laundry facility adds convenience for tenants and additional income potential for ownership. Located just minutes from local schools, shopping, and services, this property is ideally suited for both seasoned investors and those looking to expand their multifamily portfolio in a stable rental market. Property is in multiple offer situation, please have all offers submitted to listing agent no later than Saturday, June 7 2025 @ 3:00p.m. EST for Carlisle-Nicholas Co. Housing Authority Board review. Thank you.
Building and Property Details
- Laundry SqFt
- 384
Income and Expenses
- Gross Income
- 18800
- Gross Scheduled Income
- 18400
- Other Expense
- 5000
- Other Income
- 400
- Vacancy Allowance Rate
- 6
Unit Details
- Number Of Units Vacant
- 2
Showing Information
- Showing Instructions
- Use Showing Time or Call Listing Agent
Tax & Legal
- Elementary School
- Nicholas Co
- Middle Or Junior School
- Nicholas Co
- High School
- Nicholas Co
- Tax Rate
- 1.1455
- Zoning Description
- Commercial
Association/Community
- Number Of Buildings
- 5
- Number Of Units Total
- 34
Association Amenities
- Coin Laundry
- Yes
Cooling
- Heat Pump
- Yes
- Window Unit(s)
- Yes
Heating
- Forced Air
- Yes
- Heat Pump
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- Multi Family
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Association Amenities:
Coin Laundry
Cooling:
Heat Pump; Window Unit(s)
Heating:
Forced Air; Heat Pump
Possession:
Close Of Escrow
Roof:
Shingle
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
The Real Estate Co.
Last Updated: November - 17 - 2025
Information deemed reliable but not guaranteed.