Back on Market - Motivated Seller! 19-Unit Income Property in Downtown Harrodsburg Approx. 8,000 sq ft income-producing building generating around $8,900 per month in gross rent. Originally constructed as a hospital and converted to apartments in the 1950s; current ownership since 1996. Well maintained and turnkey: new roof 2024, updated plumbing/electrical, no known major deferred maintenance. Historically ~90% occupancy with reliable rent roll; primarily elderly tenants on Social Security for stable income. Gas boiler heat, window A/C units, 300-amp electrical service, street parking available. Local property management available. Flexible layout for future improvements or redevelopment. Sold as-is. No seller financing. Seller needs clean exit. Previously under contract for most of its listing period - now available again.
| MLS # | 26001844 |
|---|---|
| Listing Type | For Sale |
| Style | Hotel/motel |
| Building Name | THE PARKVIEW GUESTHOUSE |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 136 |
| Listing Provided By | RM McGinnis, LLC Real Est & Auction Professionals | Jared H Ervin |
| SQ Feet | 8,008 |
|---|---|
| Building(s) | 1 |
| Zoning | B-2 |
| Acreage | 0.19 |
| Cooling | Window Unit(s) |
|---|---|
| Heating | Hot Water, Natural Gas, Steam |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Metal |
|---|---|
| Security Features | Security System Owned |
| Construction Materials | Stucco |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| State | KY |
|---|---|
| County | Mercer |
| City | Harrodsburg |
| Zip Code | 40330 |
| Area | 011 Mercer County |
| Subarea | Mercer County |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $449,000 low | high Med: $225,000 sqft: 8,008 low | high Med: 13,600 $ / sqft: $56 low | high Med: $17 On site: 136 low | high Med: 66 | |
| State | KY |
|---|---|
| County | Mercer |
| City | Harrodsburg |
| Zip Code | 40330 |
| Area | 011 Mercer County |
| Subarea | Mercer County |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $449,000 low | high Med: $225,000 sqft: 8,008 low | high Med: 13,600 $ / sqft: $56 low | high Med: $17 On site: 136 low | high Med: 66 | |