Building

Year Built

9999

Accessibility Features YN

No

Lot

Lot Size Acres

0.66

Lot Size Square Feet

28749.6

Road Frontage Feet

175

Utilities

Cooling YN

Yes

Heating YN

Yes

Cable Available

Yes

Electricity Available

Yes

Sewer Available

Yes

Water Available

Yes

Remarks

Public Remarks

Opportunity knocks just minutes from downtown Mt. Sterling with this compelling 9-unit multifamily investment in the quiet Camargo community. This income-producing property offers immediate returns with 6 units currently leased, 2 rent-ready, and 1 unit ready for renovation, providing both stability and upside from day one. Spread across two buildings, the property has seen significant recent improvements, including 8 units updated or repaired within the past two years, new HVAC systems, and a recently installed metal roof on the 4-unit building. The larger building features 5 existing units plus a framed 6th unit with rough plumbing and electric already in place—ideal for increasing door count with minimal additional investment. Beyond the existing units, the property offers exceptional expansion potential: 32' x 40' shop with 12' ceilings and work pit—perfect for additional rental income, storage leases, or conversion to 2-3 more units RV pad with electric and plumbing, with space to add a second pad Infrastructure in place for scalability with 12 individual water meters onsite (currently operating on 2 meters), allowing for future tenant-paid utilities and improved expense control Positioned in a peaceful rural setting while remaining accessible to key demand drivers—just 46 minutes to Lexington and within reach of Morehead State University and Transylvania University—this property offers the ideal blend of current income, operational improvements, and long-term growth potential. Whether you're expanding your portfolio or entering the multifamily space, this is a rare value-add opportunity with multiple revenue streams already in motion.

Building and Property Details

Building Expansion Potential YN

Yes

# of Drive-in Doors

3

Age of Roof

Yes

Unit Details

Number Of Units Vacant

2

Showing Information

Showing Instructions

Showing Contact Phone: 859-490-1101; Showing Instructions: Two units are vacant and easy to show. Must have minimum 48 hours to show occupied units

Tax & Legal

Elementary School

Camargo

Middle Or Junior School

McNabb

High School

Montgomery Co

Tax Rate

10.88

Association/Community

Number Of Buildings

2

Number Of Units In Community

9

Number Of Units Total

9

Cooling

Ductless

Yes

Electric

Yes

Other

Yes

Heating

Electric

Yes

Forced Air

Yes

Heat Pump

Yes

Other

Yes

Laundry Features

Main Level

Yes

Possession

Close Of Escrow

Yes

Roof

Metal

Yes

Structure Type

Multi Family

Yes

Showing Requirements

Call Listing Agent

Yes

Showing Service

Yes

Property Features