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MULTI_FAMILY - Winchester, KY
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!
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