709 Melanie Lane

Mount Sterling, KY 40353

*Serious Buyers Only *Duplex is available for single duplex contract offers and listed for the current appraised value of $152k as of April 2024 *Appraisal report & appraisal photos available upon request *Pre-approval letter or proof of cash funds required for ability to purchase in advance of scheduling any showing appointment *Minimum 48 hour notice required for all showings *Tenants are on month to month leases and have been tenants for more than 5 years *Current rent for the 2 units are $575 for one side & $600 for the other side *Both units are due $100 per month increases of $100 in February 2025 and both tenants are aware of the future increases *Appraisal estimated monthly market rent $1,350 total of both sides *Ages of heat and air units are approx. 16 years *Roof is approx.20 years *Short drive to Botts Park & Easy Walker Park *Sold As-Is, no seller repairs or improvements *Terrific opportunity to begin your own real estate investment business! *Possible purchase package acceptable with 596 Magnolia, 600 Magnolia, 1204 Larkwood, 1205 Larkwood, 738 Cobbler *Call, text or email for more information today!

This is an Pending listing.

Broker Office Phone Number: 859-422-2000

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