100 Bellamy Court, West Liberty, KY 41472
$650,000
Property Type:
Residential Income
Square Footage:
26,300
Lot Size (sq. ft.):
87,120
Status:
Closed
Current Price:
$650,000
List Date:
3/28/2019
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 1906334
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2019-03-28T14:03:14Z
- Status Change Timestamp
- 2019-09-11
- Purchase Contract Date
- 2019-04-08
- Close Date
- 2019-09-11
- Close Price
- 650000
- Buyer Financing
- Cash
Address
- County
- Morgan
- Street Number
- 100
- Street Name
- Bellamy Court
- State
- KY
- Zip Code
- 41472
- Directions
- From Main Street in West Liberty, head towards 519, just out of town, and property is on the left right behind the Juniper Health Building.
Contract
- Original List Price
- 895000
- Start Showing Date
- 2019-03-28
- Listing Contract Date
- 2019-03-28
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/Acre
- 447500
- List Price/SqFt
- 34.03
- Sold Price/Acre
- 325000
- Sold Price/SqFt
- 24.71
- SP/LP
- 0.73
Tax Legal
- MLS Area Major
- 062 - Morgan County
- Subdivision Name
- Downtown
- High School District
- Morgan County - 62
Interior
- Living Area
- 26300
- Bathrooms Half
- 0
More Information
Parking Information
- Parking Total
- 55
Building
- Year Built
- 1973
Lot
- Lot Size Acres
- 2
- Lot Size Square Feet
- 87120.08
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
Remarks
- Public Remarks
- Income producing multi-housing apartment complex with 3 buildings & 1 office space, 30 apartments- 16 2 bedroom renting for $400/month & 14 1 bedroom renting for $375/month, as well as 2 picnic areas overlooking Licking River with basketball court. Currently, 1 apartment is being gutted with a rental waiting list, & complex usually stays 100% rented. 1 apartment is completely handicapped accessible including alarm system for dispatch. New roof was installed in 2012, & several apartments have been gutted and refinished. Property is currently USDA certified.
Building and Property Details
- Age of Roof
- 7
- Office SqFt
- 288
Income and Expenses
- Accounting, Legal & Collections Expense
- 2650
- Advertising License & Permit Expense
- 81
- Cash Flow Before Tax
- 30128
- Credit and Vacancy Losses
- 5300
- Electric Expense
- 4390
- Gross Income
- 181530
- Gross Operating Income
- 176230
- Gross Scheduled Income
- 132496
- Insurance Expense
- 5313
- Less Operating Expenses
- 12089
- Maintenance Expense
- 21130
- Net Operating Income
- 72000
- Operating Expense
- 104230
- Other Income
- 49034
- Payroll Expense
- 8000
- Professional Management Expense
- 13740
- Real Estate Taxes
- 12089
- Total Annual Debt Service
- 41872
- Vacancy Allowance Rate
- 4
- Water Sewer Expense
- 29975
Unit Details
- Number Of Units Vacant
- Yes
Tax & Legal
- Elementary School
- Morgan Co
- Middle Or Junior School
- Morgan Co
- High School
- Morgan Co
- Zoning Description
- Multi-housing
Association/Community
- Number Of Buildings
- 4
- Number Of Units Total
- 30
Cooling
- Electric
- Yes
- Heat Pump
- Yes
Heating
- Electric
- Yes
- Forced Air
- Yes
- Heat Pump
- Yes
Parking Features
- Paved
- Yes
Possession
- Negotiable
- Yes
Roof
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- Multi Family
- Yes
Property Features
Utilities:
Electricity Connected; Electricity Connected
Cooling:
Electric; Heat Pump
Heating:
Electric; Forced Air; Heat Pump
Parking Features:
Paved
Possession:
Negotiable
Roof:
Shingle
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
Lifstyl Real Estate
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.