81
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$385,000
8 Beds
5 Baths
4,905 SqFt
New
221 E 4th Street London, KY 40741
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,905 sqft
Price per Sqft $78
Subdivision City Limits
MLS Listing ID 26028525
Bedrooms 8
Full Baths 5
Year Built 1947
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Apartment
Property Description
**Prime Investment Opportunity in the Heart of Downtown London!** Expand your investment portfolio with this income-producing property featuring **5 rental units across 3 separate buildings**, currently zoned commercial and generating **$3,950 in monthly rental income ($47,400 annually)**! The property consists of two standalone homes, identified as House A and House B, along with a third building containing three additional rental units. **House A features a new metal roof**, and both homes offer basements with potential for conversion into additional efficiency apartments, subject to necessary approvals and permitting. Building 3 features two upstairs apartments, each offering 1 bedroom and 1 bathroom, along with a third rental unit on the lower level. **Apartment 1 has been renovated**, adding to the property's appeal. With a history of minimal vacancy and strong rental demand, this established investment offers consistent income potential. Tenants pay their own electric and water, helping minimize operating expenses. Situated in a convenient downtown location near local businesses, shopping, dining, and amenities, this property offers an attractive combination of **immediate rental income, multiple buildings, and potential for future expansion**. Whether you're growing your investment portfolio or looking for an established multifamily rental property, this downtown London opportunity is one you won't want to miss!
Location
State KY
County Laurel
Zoning C-1
Interior
Heating Heat Pump
Cooling Heat Pump
Exterior
Parking Features On Site, Paved
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Metal,Shingle
Handicap Access No
Private Pool No
Schools
Elementary Schools London
Middle Schools North Laurel
High Schools North Laurel
Others
Special Listing Condition Standard
Listed by Keller Williams Legacy Group
NEARBY SCHOOL & BUSINESS
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