250 Herndon St
Berea, KY


Subdivision: Commercial
Bedrooms:2
Bathrooms:1

Finished Area: sq ft.
MLS Number: 924,466
Price: $795,000

Marketing Remarks: This is an amazing opportunity for an investor. 9.7% return on investment!!!! Sixteen apartments within walking distance of Berea College. The entire property was refurbished in 2007. Priced at appraisal. The seller will guarantee 100% occupancy for the first year!!!

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Listing Courtesy Of: Prudential A.S. de Movellan


Street #: 250
Address: Herndon St

List Price: $795,000
Type/Style
Apartments

Lot Size / Acreage: 0.080 acres, 3485 sq.ft
Electric
0

Listing Date: 12/31/1969
Entry Date: 12/31/1969
Status: A
City: Berea
State: KY
Zip Code: 40403
Area: Madison County
County: Madison
APN: B01000890001B
Subdivision: Commercial
School District: Madison County
Tax Rate: 9.49/1000
Terms
Sale

Bldg Expan SF: 0
Lot Expan SF: 0
Parking
21 - 35 Spaces
On Site
Open
Paved

Fuel Source
Electric

Sprinklers: None
Property Amenities
Coin Laundry

Gross Sch Rent Inc: 91,200
Other Income: 6,000
Total Gross Income: 97,200
Credit Losses And Vac: 0
Gross Operating Inc: 97,200
Less Operating Exp: 19,877
Net Operating Income: 77,323
Total Ann Debt Srv: 0
Land Lease: 0
Cash Flow Before Tax: 0
Acct Legal $ Col: 0
Adv License And Permit: 0
Property Insurance: 2,240
Property Management: 0
Payroll: 0
Resident Manager: 4,632
Other Contract Labor: 0
Taxes Work Comp: 0
Pers Property Taxes: 760
Real Estate Taxes: 7,592
Repairs And Maint: 1,840
Elevators: 0
Janitorial Services: 0
Rubbish Services: 0
Water Services: 0
Sewer And Water: 960
Telephone Exp: 0
Other Expense A (number): 1,853
Other Expense A (description): reserve for replacement
Other Expense B (number): 0
Total Operating Exp: 19,877
MLS #: 924,466
Listing Office missing: Prudential A.S. de Movellan

Bedrooms: 2
Baths: 1
Full Baths: 1
Half Baths: 0
Quarter Baths: 0
3/4 Baths: 0
Roof
Shingle Composition

Air Conditioning
None


Marketing Remarks: This is an amazing opportunity for an investor. 9.7% return on investment!!!! Sixteen apartments within walking distance of Berea College. The entire property was refurbished in 2007. Priced at appraisal. The seller will guarantee 100% occupancy for the first year!!!


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Listing Office missing: Prudential A.S. de Movellan






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Listing Courtesy Of: Prudential A.S. de Movellan
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Listing Office missing: Prudential A.S. de Movellan
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