100 Summit Drive, Mt Sterling, KY 40353
$1,850,000
Property Type:
Residential Income
Bedrooms:
2
Baths:
1
Square Footage:
29,580
Lot Size (sq. ft.):
69,260
Status:
Closed
Current Price:
$1,850,000
List Date:
8/27/2021
Last Modified:
10/13/2026
Overview
Description
Listing Details MLS# 20118355
Listing Information
- Property Sub Type
- Apartment
- Comp Sale YN
- No
Status Change Information
- StatusChangeDate
- 2021-12-06
- Contract Acceptance Date
- 2021-09-19
- Sold Date
- 2021-11-08
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Montgomery
- Street #
- 100
- Street
- Summit
- St Suffix
- Drive
- State/Province
- KY
- Zip Code
- 40353
- Directions
- located on the corner of the bypass ( KY 686) and W. Main Street. Turn onto Spring Street from KY 686, and the apartments are on the immediate left. The three buildings addresses are 100 Summit Street, 200 Summit Street, and 507 Spring Street.
- Parcel Number
- 01 city
Contract
- Original List Price
- 2400000
- Start Showing Date
- 2021-08-26
- Listing Price
- 2400000
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 1509433.96
- List Price/SqFt
- 81.14
- Sold Price/Acre
- 1163522.01
- Sold Price/SqFt
- 62.54
- SP/LP
- 0.77
Tax Legal
- Area
- 018 - Montgomery County
- Subdivision/Condo
- Downtown
Interior
- Total # Bedrooms
- 2
- Total Bathrooms
- Yes
- Baths - Full
- Yes
- Living Area
- 29580
More Information
Parking Information
- Parking Total
- 55
Building
- Year Built
- 1975
- Stories Total
- 2
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 1.59
- Lot Size Square Feet
- 69260
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Wonderful Investment property in the heart of Mt. Sterling located on the corner of W. Main Street and and the bypass. 35 total units, 22 renovated, 34 rented and 1 signing lease next week. Approx. 850 sq ft. 2 bedroom 1 bath units. Laundry room located next to the office. High demand rental market with very little offered available in the area. Tenants pay electric, Rental income 21,000+. Onsite property manager that will stay if property is sold.
Unit Details
- Number Of Units Vacant
- Yes
Showing Information
- Showing Instructions
- Please allow 48 hour notice for tenants. Contact Listing Agent.
Tax & Legal
- Tax Rate
- 0.122
- Zoning Description
- residential
Association/Community
- Number Of Buildings
- 3
- Number Of Units Total
- 35
Parking Features
- Paved
- Yes
Possession
- Negotiable
- 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:
Electric
Heating:
Natural Gas
Parking Features:
On Site
Roof:
Flat
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
Positive Property Management
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.