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$ 1,595,000
37 Beds
20 Baths
26,124 SqFt
$ 1,595,000
37 Beds
20 Baths
26,124 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 26,124 sqft
Price per Sqft $61
Subdivision Downtown
MLS Listing ID 25017572
Bedrooms 37
Full Baths 19
Half Baths 1
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Major CAPEX in 2022 & 2024 — Facade transformation, fully restored and renovated.
Current grossing $168,000 annual rent, with $4,000/month upside — beats the 1% rule!
The Kerr Building, the largest downtown historical landmark, features structural repairs, new roofing, brick tuck-pointing, secure key-fob entrances, central HVAC, modern kitchens, updated baths, and new flooring. 18 LIHTC apartments and 2 renovated ground-floor offices totaling 20 income-producing units. Additional space at 4-10 Main Street offers a blank canvas for tenant improvements and added cash flow.
Downtown Winchester is thriving — turn-key, stabilized, and priced to sell. Seize this opportunity!
Current grossing $168,000 annual rent, with $4,000/month upside — beats the 1% rule!
The Kerr Building, the largest downtown historical landmark, features structural repairs, new roofing, brick tuck-pointing, secure key-fob entrances, central HVAC, modern kitchens, updated baths, and new flooring. 18 LIHTC apartments and 2 renovated ground-floor offices totaling 20 income-producing units. Additional space at 4-10 Main Street offers a blank canvas for tenant improvements and added cash flow.
Downtown Winchester is thriving — turn-key, stabilized, and priced to sell. Seize this opportunity!
Location
State KY
County Clark
Exterior
View Y/N N
Handicap Access No
Private Pool No
Schools
Elementary Schools Justice
Middle Schools Robert Campbell
High Schools Grc
Listed by Tsubaki Group, LLC