2007 S Main Street, Paris, KY 40361

$2,890,000
Property Type: Commercial Sale Square Footage: 16,950 Lot Size (sq. ft.): 23,450 Status: Active
Current Price: $2,890,000 List Date: 9/11/2026 Last Modified: 11/03/2026

Overview

Description

Turnkey 15-Unit Multifamily Asset | Brand New 2024 Construction | 7.1% CAP Rate - Seize a rare opportunity to acquire a cash-flowing, institutional-quality multifamily asset built completely new in October 2024. 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 7.1% 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.

Listing Details MLS# 26025114

Listing Information

Comp Sale YN
No
Property Sub Type
Business

Status Change Information

Status Change Timestamp
2026-09-11

Address

County
Bourbon
Street Number
2007
Street Direction Prefix
S
Street Name
Main
Street Suffix
Street
State
KY
Zip Code
40361
Zip +4
1148
Parcel Number
026-60-01-008.00
Deed Book
327
Deed Page
459

Contract

Original List Price
2890000
Start Showing Date
2026-09-11
Listing Contract Date
2026-09-11
Listing Agreement
Exclusive Right To Sell
Owner Name
PROVIDENCE PLACE LLC
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
170.5

Tax Legal

MLS Area Major
006 - Bourbon County
Subdivision Name
City Limits

Interior

Living Area
16950
Living Area Units
Square Feet
Living Area Source
Public Records
Building Area Total
16950
Building Area Source
Public Records
Building Area Units
Square Feet

More Information

Parking Information

Parking Total
30

Building

Basement YN
No
Year Built
2024
Stories Total
3
Accessibility Features YN
Yes
Leasable Area
16950

Lot

Lot Size Acres
0.643
Lot Size Square Feet
23450
Lot Size Dimensions
70x335

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
Turnkey 15-Unit Multifamily Asset | Brand New 2024 Construction | 7.1% CAP Rate - Seize a rare opportunity to acquire a cash-flowing, institutional-quality multifamily asset built completely new in October 2024. 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 7.1% 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.

Building and Property Details

Furniture, Fixtures & Equipment YN
Yes
Building Expansion Potential YN
No
Inground Tank YN
No
Lot Expansion Potential YN
No
Electricity Location
in each bedroom of apartment

Income and Expenses

Cash Flow Before Tax
233400

Showing Information

Showing Instructions
Please Contact Listing Agent, Rodney Dotson 859-621-5564 for Questions or to view the Property

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Building Features: Vinyl Flooring Business Type: Commercial; Other Ceiling: Drywall Construction Materials: Concrete Cooling: Heat Pump Electric: 200+ Amp Service Existing Lease Type: Gross Heating: Heat Pump Parking Features: On Site; Other Possession: Close Of Escrow Roof: Dimensional Style; Flat; Rubber Sale Includes: Building(s); Business; Land; Other Security Features: Fire Sprinkler System Sewer: Public Sewer Tenant Pays: Electricity Water Heater: Electric Showing Requirements: Call Listing Agent; No Sign

Documents

View Document Other ›
Listing Office: Kentucky Prime Realty, LLC
Last Updated: November - 03 - 2026
Information deemed reliable but not guaranteed.
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