100 Brown Ct # 1-4

Berea, KY 40403
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8 bd, 4 ba | 7,168 sqft | Built in 1978

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List Price
$229,900

Initial Investment

$64,648

Purchase Price

$229,900

Down Payment

25%

Rent

$2,900

Total Return

$151,616

Annualized Return

31.1%

Cap Rate

9.3%

Gross Yield

15.1%

Cash Flow

$7,538

Appreciation

8.5%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Property Type

MultiFamily

Lot Size

20,537

HOA

None

Flood Risk

Not Required

The Fourplex of townhomes is located in Dixie Park close to shopping and Berea College. The units have always rented within a month. The units have a family room, utility room with W&D hook ups, and the kitchen on the main floor with the bedrooms and bathrooms upstairs. Currently the total rental income is $2125 per month or $25,500 a year. A new roof was added in 2020. A great investment opportunity! Owner Agent.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Daniel David
eXp Realty
KY Agent License #218644

Annual Financial Highlights

Expected Rent

$33,060

Expenses

-$10,457

Property Taxes

-$2,566

Loan Payments

-$12,499

Net Cash Flow

$7,538

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Mark Moody
Agent License 251968
Calumet Realty
Certified Agent Brokerage:Daniel David
eXp Realty
KY Brokerage License 239076
SourceLexington Bluegrass Association of Realtors (LBAR)
MLS #20117199
Last Updated: 09/24/2021 20:09
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.