1 Briarwood Drive, Mt Sterling, KY 40353 (MLS# 20122891)

1 Briarwood Drive, Mt Sterling, KY 40353

$2,500,000

Property Type: Commercial Sale Lot Size (sq. ft.): 140,699 Status: Closed

Current Price: $2,500,000 List Date: 10/21/2021 Last Modified: 9/03/2025

Overview

Description

Attention Investors!! Very well maintained and sought after 36 unit apartment complex located on 3.5 acres in prime location off the Mt. Sterling Bypass close to shopping and restaurants with room to build an additional 12 units. Each unit is approx. 770 square feet with two bedrooms one bath, breakfast nook and family room and either a deck or patio and wired for Spectrum Cable. Each unit has a refrigerator, dishwasher, stove, washer, and dryer. Tenants pay their own electric and water. Four of the units were built in 1996, one in 2000 and the last one in 2004. Don't miss out on this investment opportunity.

Listing Details MLS# 20122891

Listing Information

Comp Sale YN: No
Property Sub Type: Business

Status Change Information

Price Change Timestamp: 2021-10-30T18:22:21Z
Status Change Timestamp: 2022-01-05
Purchase Contract Date: 2021-11-06
Close Date: 2022-01-05
Close Price: 2500000
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: None

Address

County: Montgomery
Street Number: Yes
Street Name: Briarwood
Street Suffix: Drive
State: KY
Zip Code: 40353
Parcel Number: 23M-20-07-004.00

Contract

Original List Price: 3200000
Start Showing Date: 2021-10-21
Listing Contract Date: 2021-10-20
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
SP/LP: 0.91

Tax Legal

MLS Area Major: 018 - Montgomery County
Subdivision Name: Downtown

Parking Information

Parking Total: 56

More Information

Building

Year Built: 9999
Stories Total: 2

Lot

Lot Size Acres: 3.23
Lot Size Square Feet: 140699

Remarks

Public Remarks: Attention Investors!! Very well maintained and sought after 36 unit apartment complex located on 3.5 acres in prime location off the Mt. Sterling Bypass close to shopping and restaurants with room to build an additional 12 units. Each unit is approx. 770 square feet with two bedrooms one bath, breakfast nook and family room and either a deck or patio and wired for Spectrum Cable. Each unit has a refrigerator, dishwasher, stove, washer, and dryer. Tenants pay their own electric and water. Four of the units were built in 1996, one in 2000 and the last one in 2004. Don't miss out on this investment opportunity.

Showing Information

Showing Instructions: Schedule through ShowingTime. Listing agent must be present to show.

Tax & Legal

Tax Rate: 12.25
Zoning Description: Residential
Directions: From I-64 Exit 110 in Mt. Sterling turn right at the end of the exit ramp and right on Indian Mound Drive, the Mt. Sterling bypass. turn left on Alexa drive, left onto Hawkins Drive and right on Briarwood Drive.

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes
Other: Yes

Construction Materials

Brick: Yes
Vinyl Siding: Yes

Parking Features

Paved: Yes

Possession

Close Of Escrow: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Fully Carpeted: Yes
Vinyl Flooring: Yes

Business Type

Commercial: Yes

Ceiling

Drywall: Yes

Sale Includes

Building(s): Yes
Land: Yes

Tenant Pays

Electricity: Yes
Sewer: Yes
Water: Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Other; Electricity Connected; Sewer Connected; Water Connected; Other Building Features: Fully Carpeted; Vinyl Flooring Business Type: Commercial Ceiling: Drywall Construction Materials: Brick; Vinyl Siding Parking Features: Paved Possession: Close Of Escrow Roof: Metal Sale Includes: Building(s); Land Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Electricity; Sewer; Water Water Heater: Water Heater

Listing Office: Caswell Prewitt Realty, Inc

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.