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2007 S Main Street Paris, KY $ 2,890,000
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$ 2,890,000 Get more info
2007 S Main Street
$ 2,890,000
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2007 S Main Street

Paris, KY, 40361
$ 2,890,000
Bedrooms-- Baths-- Sq 16,950
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Property for Rent in Paris, KY

for $2,890,000. This 16,950 square foot property was built in 2024 on a lot size of 0.64.

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.

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Rental Active

Price

$ 2,890,000

Taxes

$ 0

Style

Business

Lot Size

0.64

Year Built

2024

Town/City

Paris

County/Region

Bourbon

MLS | Web ID

26025114
Features
General
Sewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Dimensional Style Flat Rubber
Zoning B-2
Security Features Fire Sprinkler System
Construction Materials Concrete
Year Built 2024
Electric 200+ Amp Service
Tenant Pays Electricity
Property Subtype Business
Parcel Number 026-60-01-008.00
Business Type Other Commercial
Business Name Providence Place LLC
County Bourbon
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name City Limits
Building Features Vinyl Flooring
Status Active
Directions South Main Street Across From Bourbon Heights Nursing Home.
City Paris
MLS Area 006 - Bourbon County
Lot Size Units Acres
Lot Size Square Feet 23450.0
Land Lease Y/N N
MLS Area Minor 006 - Bourbon County
Leasable Area 16950.0
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Lease Type Gross
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site Other
Total Parking 30.0
Lot Size Area 0.64
Number of Buildings 1
Building Area Total 16950.0
Lot Dimensions 70x335
Lot Size Acres 0.64
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Heat Pump True
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Internal Only
Street Number 1 2007
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* Excluded Features
List By
Kentucky Prime Realty, Llc

Broker

rdotsonrealestate@gmail.com

Email

Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/11/2026$2,890,000 Listed Price

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2007 S Main Street, Paris, KY, 40361 is a Property for Rent at $2,890,000 with 16,950 sqft and a lot size of 0.64. 2007 S Main Street was built in 2024. The property's zip code is 40361 which is in Paris, KY

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