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218 2nd St 7 Unit Apartment Building $190,000 ($27,143/Unit) Fulton, KY 42041
Investment Highlights
- Vacant since September 2024
- 23 Parking spaces
- 2022 NOI over $25,000
Executive Summary
Are you looking for a multifamily investment opportunity? Here is seven units under one roof, the whole package under $200,000. This building has the charm of living many lives as it served different purposes over the years. The building consists of (3) two-bedroom units and (4) one-bedroom units, each with it's own private bathroom. Fix them up one at a time for renters or take on the project all at once, either way, the potential is great.
Approximately 9,400± SF sitting on a .42+/- acre lot. The property is serviced by city water, sewer, and trash pickup.
All units feature individual electric service with circuit breakers, plus a separate landlord meter.
There is off-street parking for approximately 16 vehicles, including 7 spaces under a carport.
Approximately 9,400± SF sitting on a .42+/- acre lot. The property is serviced by city water, sewer, and trash pickup.
All units feature individual electric service with circuit breakers, plus a separate landlord meter.
There is off-street parking for approximately 16 vehicles, including 7 spaces under a carport.
Property Facts
| Price | $190,000 | Lot Size | 0.43 AC |
| Price Per Unit | $27,143 | Building Size | 9,340 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1901/2012 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Commercial - Commercial | ||
| Price | $190,000 |
| Price Per Unit | $27,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 9,340 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1901/2012 |
| Parking Ratio | 0.75/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 4 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | F-4-25-7 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $247,500 |
Property Taxes
Parcel Number
F-4-25-7
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$247,500
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218 2nd St