New Listing
$2,890,000
( $170.50Per Sq Foot )
 $15,514 est/mo Sourced by Back At You

2007 S Main Street,Paris, KY 40361

Paris, KY 40361

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Description

Turnkey 15-Unit Multifamily Asset | Brand New 2023 Construction | Rare 8.00% CAP Rate - Seize a rare opportunity to acquire a cash-flowing, institutional-quality multifamily asset built completely new in 2023. This uniform 15-unit apartment building features an ideal mix of fifteen identical 2-bedroom, 1-bathroom layouts, offering maximum operational efficiency and minimal maintenance overhead. Delivering an immediate, institutional-grade 8.00% capitalization rate on current in-place income, this asset represents a premier choice for 1031-exchange investors or private equity portfolios looking for high yields without the typical headaches of vintage assets.

Details

MLS #26025114
Listing TypeFor Sale
StyleBusiness
Building NameProvidence Place LLC
Sub-TypeResale
StatusActive
Year2023
Days On Site6
Listing Provided ByKentucky Prime Realty, LLC | Rodney Dotson

Features

SQ Feet16,950
Building(s)1
ZoningB-2
Acreage0.64

Interior

CoolingHeat Pump
HeatingHeat Pump
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofDimensional Style, Flat, Rubber
Security FeaturesFire Sprinkler System
Construction MaterialsConcrete

Parking

Attached Garage Yes / NoNo
Parking FeaturesOn Site, Other

Utilities

UtilitiesElectricity Connected, Sewer Connected, Water Connected
SewerPublic Sewer
Electric200+ Amp Service

Area Information

StateKY
CountyBourbon
CityParis
Zip Code40361
Area006 Bourbon County
SubareaBourbon County
Community NameCity Limits
Listing VS Median (in City Limits)
Price:
$2,890,000
low | high
Med:
$215,000
100% of Average
sqft:
16,950
low | high
Med:
2,650
100% of Average
$ / sqft:
$171
low | high
Med:
$107
87.396034599493% of Average
On site:
6
low | high
Med:
75
8% of Average
Sourced by Back At You

Market Activity 40361

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Additional Information

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Contact

Learn More About This Property

Lisa Humphrey

Lisa Humphrey

Elite Realty

 (270) 210-6837homesin270@gmail.com
StateKY
CountyBourbon
CityParis
Zip Code40361
Area006 Bourbon County
SubareaBourbon County
Community NameCity Limits
Listing VS Median (in City Limits)
Price:
$2,890,000
low | high
Med:
$215,000
100% of Average
sqft:
16,950
low | high
Med:
2,650
100% of Average
$ / sqft:
$171
low | high
Med:
$107
87.396034599493% of Average
On site:
6
low | high
Med:
75
8% of Average
Sourced by Back At You
Listing Updated: September 11, 2026 at 4:42:47 PM PDT