New Listing
$2,890,000
( $170.50Per Sq Foot )
 $15,514 est/mo Sourced by Back At You

2007 S Main Street,Paris, KY 40361

Paris, KY 40361

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Description

Turnkey 15-Unit Multifamily Asset | Brand New 2023 Construction | Rare 8.00% CAP Rate - Seize a rare opportunity to acquire a cash-flowing, institutional-quality multifamily asset built completely new in 2023. 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 8.00% 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.

Details

MLS #26025114
Listing TypeFor Sale
StyleBusiness
Building NameProvidence Place LLC
Sub-TypeResale
StatusActive
Year2023
Days On Site6
Listing Provided ByKentucky Prime Realty, LLC | Rodney Dotson

Features

SQ Feet16,950
Building(s)1
ZoningB-2
Acreage0.64

Interior

CoolingHeat Pump
HeatingHeat Pump
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofDimensional Style, Flat, Rubber
Security FeaturesFire Sprinkler System
Construction MaterialsConcrete

Parking

Attached Garage Yes / NoNo
Parking FeaturesOn Site, Other

Utilities

UtilitiesElectricity Connected, Sewer Connected, Water Connected
SewerPublic Sewer
Electric200+ Amp Service

Area Information

StateKY
CountyBourbon
CityParis
Zip Code40361
Area006 Bourbon County
SubareaBourbon County
Community NameCity Limits
Listing VS Median (in City Limits)
Price:
$2,890,000
low | high
Med:
$215,000
100% of Average
sqft:
16,950
low | high
Med:
1,352
100% of Average
$ / sqft:
$171
low | high
Med:
$159
56.731792960832% of Average
On site:
6
low | high
Med:
25
24% of Average
Sourced by Back At You

Market Activity 40361

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Imagine MLS.

Contact

Learn More About This Property

Elite Realty

Elite Realty

 (270) 556-2271joemetzgerproperties@gmail.com
StateKY
CountyBourbon
CityParis
Zip Code40361
Area006 Bourbon County
SubareaBourbon County
Community NameCity Limits
Listing VS Median (in City Limits)
Price:
$2,890,000
low | high
Med:
$215,000
100% of Average
sqft:
16,950
low | high
Med:
1,352
100% of Average
$ / sqft:
$171
low | high
Med:
$159
56.731792960832% of Average
On site:
6
low | high
Med:
25
24% of Average
Sourced by Back At You
Listing Updated: September 11, 2026 at 4:42:47 PM PDT
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS Template.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Imagine MLS.
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