2007 S Main Street, Paris, KY 40361
$2,890,000
Property Type:
Commercial Sale
Square Footage:
16,950
Lot Size (sq. ft.):
23,450
Status:
Active
Current Price:
$2,890,000
List Date:
9/11/2026
Last Modified:
9/11/2026
Overview
Description
Listing Details MLS# 26025114
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Business
Status Change Information
- Status Change Timestamp
- 2026-09-11
Address
- County
- Bourbon
- Street Number
- 2007
- Street Direction Prefix
- S
- Street Name
- Main
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40361
- Zip +4
- 1148
- Parcel Number
- 026-60-01-008.00
- Deed Book
- 327
- Deed Page
- 459
Contract
- Original List Price
- 2890000
- Start Showing Date
- 2026-09-11
- Listing Contract Date
- 2026-09-11
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- PROVIDENCE PLACE LLC
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/SqFt
- 170.5
Tax Legal
- MLS Area Major
- 006 - Bourbon County
- Subdivision Name
- City Limits
Interior
- Living Area
- 16950
- Living Area Units
- Square Feet
- Living Area Source
- Public Records
- Building Area Total
- 16950
- Building Area Source
- Public Records
- Building Area Units
- Square Feet
More Information
Parking Information
- Parking Total
- 30
Building
- Basement YN
- No
- Year Built
- 2023
- Stories Total
- 3
- Accessibility Features YN
- Yes
- Leasable Area
- 16950
Lot
- Lot Size Acres
- 0.643
- Lot Size Square Feet
- 23450
- Lot Size Dimensions
- 70x335
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Turnkey 15-Unit Multifamily Asset | Brand New 2023 Construction | Rare 8.00% CAP Rate - Seize a rare opportunity to acquire a cash-flowing, institutional-quality multifamily asset built completely new in 2023. This uniform 15-unit apartment building features an ideal mix of fifteen identical 2-bedroom, 1-bathroom layouts, offering maximum operational efficiency and minimal maintenance overhead. Delivering an immediate, institutional-grade 8.00% capitalization rate on current in-place income, this asset represents a premier choice for 1031-exchange investors or private equity portfolios looking for high yields without the typical headaches of vintage assets.
Building and Property Details
- Furniture, Fixtures & Equipment YN
- Yes
- Building Expansion Potential YN
- No
- Inground Tank YN
- No
- Lot Expansion Potential YN
- No
- Electricity Location
- in each bedroom of apartment
Income and Expenses
- Cash Flow Before Tax
- 233400
Showing Information
- Showing Instructions
- Please Contact Listing Agent, Rodney Dotson 859-621-5564 for Questions or to view the Property
Property Features
Utilities:
Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected
Building Features:
Vinyl Flooring
Business Type:
Commercial; Other
Ceiling:
Drywall
Construction Materials:
Concrete
Cooling:
Heat Pump
Electric:
200+ Amp Service
Existing Lease Type:
Gross
Heating:
Heat Pump
Parking Features:
On Site; Other
Possession:
Close Of Escrow
Roof:
Dimensional Style; Flat; Rubber
Sale Includes:
Building(s); Business; Land; Other
Security Features:
Fire Sprinkler System
Sewer:
Public Sewer
Tenant Pays:
Electricity
Water Heater:
Electric
Showing Requirements:
Call Listing Agent; No Sign
Documents
Other ›
Listing Office:
Kentucky Prime Realty, LLC
Last Updated: September - 11 - 2026
Information deemed reliable but not guaranteed.