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:
1/14/2026
Overview
Description
Listing Details MLS# 20118355
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Apartment
Status Change Information
- Status Change Timestamp
- 2021-12-06
- Purchase Contract Date
- 2021-09-19
- Close Date
- 2021-11-08
- Close Price
- 1850000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
- Concessions Comments
- No
Address
- County
- Montgomery
- Street Number
- 100
- Street Name
- Summit
- Street Suffix
- Drive
- State
- 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 Contract Date
- 2021-08-26
- 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
- MLS Area Major
- 018 - Montgomery County
- Subdivision Name
- Downtown
Interior
- Bedrooms Total
- 2
- Bathrooms Total
- Yes
- Bathrooms 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
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- 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
- High School
- Montgomery Co
- Tax Rate
- 0.122
- Zoning Description
- residential
Association/Community
- Number Of Buildings
- 3
- Number Of Units Total
- 35
Association Amenities
- Coin Laundry
- Yes
Cooling
- Electric
- Yes
Heating
- Natural Gas
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Negotiable
- Yes
Roof
- Flat
- 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:
Electric
Heating:
Natural Gas
Parking Features:
On Site; Paved
Possession:
Negotiable
Roof:
Flat
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
Positive Property Management
Last Updated: January - 14 - 2026
Information deemed reliable but not guaranteed.