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Opportunity Zone
 

Classic Auction - Multifamily

Value-Add Multifamily: Mount Sterling KY

41 N Maysville Street, Mount Sterling, KY 40353

  • Asset Type
  • Real Estate
  • Property Type
  • Multifamily
  • Land Area
  • 0.15 Acres
  • Year Built
  • 1890
  • Number of Floors
  • 4
  • Number of Buildings
  • 1
  • Parking Count
  • 18
  • Occupancy
  • 0%
  • Occupancy as of
  • Sep 01, 2020
  • Multifamily Type
  • Garden
  • Number of Units
  • 18 Units
  • Property Size
  • 21,800 Sq Ft

Historic Redmond Building - Redevelopment Multi-Family Opportunity

Investment Highlights:

  • Historic Value-Add Renovation in a Qualified Opportunity Zone
  • Main and Main Location Walking Distance to Dinning and Amenities 
  • Incredible Irreplaceable Architecture
  • Motivated Seller & Low Reserve Price 
 
 

Offering Details 

Capstone Apartment Partners and RealINSIGHT Marketplace is pleased to present the historic Redmond Building in downtown Mount Sterling, Kentucky. Mount Sterling has a small town atmosphere combined with various industry powerhouses that fuel economic development. Constructed in 1890, this asset will require a complete renovation; however, this necessary investment makes the project eligible for Opportunity Zone tax breaks along with Historic Tax Credits. Additionally, the proposed 18 units will be the premier housing option in a downtown surrounded by dining and shopping amenities. The asset is ideal for rental apartments, for-sale condos, boutique hotel, AirBNB complex or a combination of these options.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

Platform fee for this transaction is 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 257072