18 Calloway St, Winchester, KY 40391

Here’s how you can structure your listing with the $375,000 asking price, highlighting the strong cash flow and 10.37% cap rate to attract investors: Fully Remodeled 4-Unit Multiplex with Strong Cash Flow This fully remodeled 4-unit apartment building is an exceptional investment opportunity, offering a 10.37% cap rate and a total monthly rental income of $4,030. With all units fully occupied, a major overhaul completed, and additional income from a coin-operated laundry, this property is turnkey and ready to generate significant returns. Property Details: Apartment 1 • 3 bedrooms, 1 bath • Rented for $1,200/month • Tenant pays electric Apartment 2 • 1 bedroom, 1 bath • Rented for $700/month • Tenant pays electric Apartment 3 • 1 bedroom, 1 bath • Rented for $1,080/month • Owner pays electric Apartment 4 • 2 bedrooms, 1 bath • Rented for $1,050/month • Tenant pays electric Key Features: • Total Annual Rental Income: $48,360. • Annual Expenses: Approximately $9,500 (water, trash, sewer, owner-paid electric, maintenance, insurance). • Net Operating Income (NOI): $38,860. • Cap Rate: 10.37%. Upgrades and Overhaul: • Interior: • All units feature granite countertops, luxury vinyl plank (LVP) flooring, and tile bathroom floors. • Brand-new appliances throughout for tenant satisfaction and ease of maintenance. • Building Updates: • Roof replaced 3 years ago, ensuring long-term durability. • Major overhaul of the entire building, including updated plumbing, electrical systems, and structural improvements. • Additional Income: • Coin-operated laundry in the basement for tenant convenience and extra revenue. Why This Property Stands Out: This property offers strong cash flow, low-maintenance upgrades, and is fully occupied, ensuring immediate returns. With separate electric meters for each unit and owner-provided water, trash, and sewer, it’s a highly desirable investment for any portfolio. At an asking price of $375,000, this property represents exceptional value with an attractive 10.37% cap rate. Selling as-is. Schedule a showing today to see this outstanding investment property!