Pending

$329,000

118 Salter Rd, Berea, KY 40403

8beds

3,416sqft

Est.: Get pre-qualified

Quadruplex

Built in 1989

-- sqft lot

$326,200 Zestimate^®

$96/sqft

$-- HOA

What's special

All-brick quadruplex with a durable metal roof. Four rental units, each updated for durability and tenant comfort. Current gross monthly income: approximately $3,800 from 4/4 units leased. Property features include an all-brick exterior and low-maintenance metal roof with updated interiors. Unit 1 offers new cabinets and countertops, LVP, refrigerator, oven, bathtub, PTAC, three new windows, and fresh paint. Unit 2 includes new LVP, oven, refrigerator, vanity, bathtub, water heater, and fresh paint. Unit 3 features a new vanity, bathtub reglazing, and fresh paint. Unit 4 provides a new refrigerator, ceiling fans, and fresh paint. Income/occupancy is 4 of 4 units leased, ~ $3,800/month gross. Opportunity highlights a turnkey investment with strong occupancy and potential to optimize net income with rent adjustments.

69 days

4

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Electric

Cooling

Electric, Multi Units

Appliances

Laundry: Electric Dryer Hookup, Washer Hookup

Interior area

Total structure area: 3,416
Total interior livable area: 3,416 sqft

Property

Parking

Total spaces: 10
Parking features: Gravel, Paved

Lot

Size: 0.26 Acres

Details

Parcel number: 071A00000008
Zoning: Other
Zoning description: UC-1

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Roof: Metal

Condition

Year built: 1989

Utilities & green energy

Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Executive Park

Location

Region: Berea

Financial & listing details

Price per square foot: $96/sqft
Tax assessed value: $90,425
Annual tax amount: $896
Date on market: 3/25/2026
Total actual rent: 3800

Estimated market value

$326,200

$310,000 - $343,000

$1,068/mo

Price history

Date	Event	Price
3/10/2023	Listing removed	--
Source: Zillow Rentals Report a problem
2/18/2023	Listed for rent	$800+6.7%
Source: Zillow Rentals Report a problem
11/2/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
10/25/2021	Listed for rent	$750
Source: Zillow Rental Manager Report a problem
10/22/2021	Sold	$240,000$70/sqft
Source: Imagine MLS #20119887 Report a problem
9/14/2021	Pending sale	$240,000+165.4%$70/sqft
Source: Imagine MLS #20119887 Report a problem
1/13/2006	Sold	$90,425$26/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2021	$896 -2.5%	$90,425
2018	$919 +1.1%	$90,425
2017	$909 +0.8%	$90,425
2016	$902 +4%	$90,425
2015	$867 +0.2%	$90,425
2014	$865	$90,425
2012	$865 -0.2%	$90,425
2011	$867	$90,425

Find assessor info on the county website

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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