Major CAPEX in 2022 & 2024 — Facade transformation, fully restored and renovated.
Current grossing $168,000 annual rent, with $4,000/month upside — beats the 1% rule!
The Kerr Building, the largest downtown historical landmark, features structural repairs, new roofing, brick tuck-pointing, secure key-fob entrances, central HVAC, modern kitchens, updated baths, and new flooring. 18 LIHTC apartments and 2 renovated ground-floor offices totaling 20 income-producing units. Additional space at 4-10 Main Street offers a blank canvas for tenant improvements and added cash flow.
Downtown Winchester is thriving — turn-key, stabilized, and priced to sell. Seize this opportunity!
For sale
$1,595,000
2 N Main St, Winchester, KY 40391
37beds
26,124sqft
Est.:
SingleFamily
Built in ----
9,583.2 Square Feet Lot
$1,463,200 Zestimate®
$61/sqft
$-- HOA
What's special
Facade transformationNew flooringNew roofingModern kitchensBrick tuck-pointingCentral hvacUpdated baths
- 14 days
- on Zillow |
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