100 Bellamy Court, West Liberty, KY 41472 (MLS# 1906334)

100 Bellamy Court, West Liberty, KY 41472

$650,000

Property Type: Residential Income Square Footage: 26,300 Lot Size (sq. ft.): 87,120 Status: Closed

Current Price: $650,000 List Date: 3/28/2019 Last Modified: 8/26/2025

Overview

Description

Income producing multi-housing apartment complex with 3 buildings & 1 office space, 30 apartments- 16 2 bedroom renting for $400/month & 14 1 bedroom renting for $375/month, as well as 2 picnic areas overlooking Licking River with basketball court. Currently, 1 apartment is being gutted with a rental waiting list, & complex usually stays 100% rented. 1 apartment is completely handicapped accessible including alarm system for dispatch. New roof was installed in 2012, & several apartments have been gutted and refinished. Property is currently USDA certified.

Listing Details MLS# 1906334

Listing Information

Property Sub Type: Apartment

Status Change Information

Price Change Timestamp: 2019-03-28T14:03:14Z
Status Change Timestamp: 2019-09-11
Purchase Contract Date: 2019-04-08
Close Date: 2019-09-11
Close Price: 650000
Buyer Financing: Cash

Address

County: Morgan
Street Number: 100
Street Name: Bellamy Court
State: KY
Zip Code: 41472
Directions: From Main Street in West Liberty, head towards 519, just out of town, and property is on the left right behind the Juniper Health Building.

Contract

Original List Price: 895000
Start Showing Date: 2019-03-28
Listing Contract Date: 2019-03-28
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
List Price/Acre: 447500
List Price/SqFt: 34.03
Sold Price/Acre: 325000
Sold Price/SqFt: 24.71
SP/LP: 0.73

Tax Legal

MLS Area Major: 062 - Morgan County
Subdivision Name: Downtown
High School District: Morgan County - 62

Interior

Living Area: 26300
Bathrooms Half: 0

More Information

Parking Information

Parking Total: 55

Building

Year Built: 1973

Lot

Lot Size Acres: 2
Lot Size Square Feet: 87120.08

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes

Remarks

Public Remarks: Income producing multi-housing apartment complex with 3 buildings & 1 office space, 30 apartments- 16 2 bedroom renting for $400/month & 14 1 bedroom renting for $375/month, as well as 2 picnic areas overlooking Licking River with basketball court. Currently, 1 apartment is being gutted with a rental waiting list, & complex usually stays 100% rented. 1 apartment is completely handicapped accessible including alarm system for dispatch. New roof was installed in 2012, & several apartments have been gutted and refinished. Property is currently USDA certified.

Building and Property Details

Age of Roof: 7
Office SqFt: 288

Income and Expenses

Accounting, Legal & Collections Expense: 2650
Advertising License & Permit Expense: 81
Cash Flow Before Tax: 30128
Credit and Vacancy Losses: 5300
Electric Expense: 4390
Gross Income: 181530
Gross Operating Income: 176230
Gross Scheduled Income: 132496
Insurance Expense: 5313
Less Operating Expenses: 12089
Maintenance Expense: 21130
Net Operating Income: 72000
Operating Expense: 104230
Other Income: 49034
Payroll Expense: 8000
Professional Management Expense: 13740
Real Estate Taxes: 12089
Total Annual Debt Service: 41872
Vacancy Allowance Rate: 4
Water Sewer Expense: 29975

Unit Details

Number Of Units Vacant: Yes

Tax & Legal

Elementary School: Morgan Co
Middle Or Junior School: Morgan Co
High School: Morgan Co
Zoning Description: Multi-housing

Association/Community

Number Of Buildings: 4
Number Of Units Total: 30

Cooling

Electric: Yes
Heat Pump: Yes

Heating

Electric: Yes
Forced Air: Yes
Heat Pump: Yes

Parking Features

Paved: Yes

Possession

Negotiable: Yes

Roof

Shingle: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Property Features

Utilities: Electricity Connected; Electricity Connected Cooling: Electric; Heat Pump Heating: Electric; Forced Air; Heat Pump Parking Features: Paved Possession: Negotiable Roof: Shingle Special Listing Conditions: Standard Structure Type: Multi Family

Listing Office: Lifstyl Real Estate

Last Updated: August - 26 - 2025

Information deemed reliable but not guaranteed.