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Listed by Paragon Realty Partners
$ 364,900
Est. payment /mo
Price Dropped by $10K
85 N Main Street Walton, KY 41094
12,180 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,180 sqft
Price per Sqft $29
MLS Listing ID 643157
Property Sub-Type Multi Family
Property Description
Discover an exceptional investment opportunity in the heart of Walton, Kentucky! This 10-unit multifamily property, featuring a mix of 7 two-bedroom and 3 one-bedroom apartments, is perfectly positioned on N Main Street. Structurally sound with plenty of parking! Residents will enjoy easy access to local amenities, schools, and the highway. This building has a rich history in the city of Walton, as it was formerly the Walton School, serving the Walton Independent School District! New meters, valves, and shut off were replaced in 2024. The gas line has also been replaced to the street.
This property presents a significant value-add opportunity. Currently, the building has been fully gutted, offering a blank canvas for a visionary investor to redesign it how they envision. With 14-foot ceilings, there's potential to create unique and desirable living spaces, and a few units could possibly be converted into 3-bedroom units. With generous lot dimensions and flexible redevelopment potential, the site is ideal for investors seeking value-add multifamily, mixed-use possibilities, or a full-scale reimagining.
Seize the opportunity to transform this property into a highly desirable multifamily community and unlock its full investment potential!
This property presents a significant value-add opportunity. Currently, the building has been fully gutted, offering a blank canvas for a visionary investor to redesign it how they envision. With 14-foot ceilings, there's potential to create unique and desirable living spaces, and a few units could possibly be converted into 3-bedroom units. With generous lot dimensions and flexible redevelopment potential, the site is ideal for investors seeking value-add multifamily, mixed-use possibilities, or a full-scale reimagining.
Seize the opportunity to transform this property into a highly desirable multifamily community and unlock its full investment potential!
Location
State KY
County Boone
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Parking Features Parking Lot
Utilities Available Natural Gas Available, Water Available
View Y/N N
Roof Type Shingle
Building
Story Two
Foundation Block, Stone
Sewer Public Sewer
Level or Stories Two
New Construction No
Schools
Elementary Schools Walton-Verona Elementary
Middle Schools Walton-Verona Middle
High Schools Walton-Verona High
Others
Special Listing Condition Standard