202 South College Street, Harrodsburg, KY 40330 (MLS# 25002233)

$500,000

202 South College Street
Harrodsburg, KY 40330
MLS# 25002233
20 beds | 8 baths | 8008 sqft

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Property Description
Excellent income-producing property featuring 20 units generating $102,480 in annual rental income. Well-maintained and centrally located, this 8,008 sq. ft. building includes a mix of unit types with rents ranging from $340 to $1,200 per month. Utilities average $1,200-$1,500/month, with estimated annual operating costs of $15,000. Strong occupancy history and consistent cash flow make this a solid turnkey investment in the heart of Harrodsburg. Call to schedule showing today.

Details

Documents

Location Tax Legal Info

Street #: 202

Street Name: College

County: Mercer

State/Province: KY

Zip Code: 40330

Area: 011 - Mercer County

Subdivision: Downtown

Tax ID: 100.60-09003.00

Contract Info

Status: Active

Listing Date: 2025-02-07

Current Price: $500,000

Original List Price: 500000

Listing Price: 500000

General Property Description

Number of Buildings: One

Number of Stories: Three

# of Bedrooms: 20

# of Full Baths: 8

Total Baths: 8

Year Built: 1910

Approximate Living Area: 8008

Lot Size Acres: 0.187

Lot Size Square Feet: 8160

Lot Dimensions: 102x80

Lot Front Footage: 102

Lot Depth: 80

Lot Expan Potential: No

Non Conforming: No

ADA Accessible: No

Fire Code: Yes

Remarks Misc

Directions: On the corner of Curry Avenue and College Street.

Status Change Info

Status Change Date: 2025-03-04

Zoning

Current Zoning: Commercial

Miscellaneous

Age of Roof: 1

Utilities

Electricity: Electricity Connected

Natural Gas: Natural Gas Connected

Sewer: Sewer Connected

Water: Water Connected

Financial Info

Gross Scheduled Rental Income: 102480

Other Income: 1000

Total Gross Income: 100000

Net Operating Income: 80000

Real Estate Taxes: 2200

Electric: 750

Sewer & Water: 400

Other Expense (A): 400

Total Operating Expenses: 1550

Unit Info

# of Units: 19

# of Vacant Units: 1

Property Features

Terms: Cash; Conventional; Sale

Structure Type: Apartments

Roof: Metal

Parking: 1 - 5 Spaces

Heating: Baseboard; Natural Gas; Steam

Cooling: Window Unit(s)

Property Amenities: Security System

Listing Office: RM McGinnis, LLC Real Est & Auction Professionals

Last Updated: April - 14 - 2025

This data is copyrighted by Lexington-Bluegrass Association of Realtors and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is a violation of copyright laws and is strictly prohibited. Property information Copyright 2020 Lexington-Bluegrass Association of Realtors. All Rights Reserved. Information has not been verified, is not guaranteed and subject to change.

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