Fully Remodeled Duplex – Investor Special or House Hacker Opportunity! ??
231 S Highland Ave, Winchester, KY
Asking Price: $310,000
Property Overview:
Fully remodeled, cash-flowing duplex located minutes from downtown Winchester. This property features a 4 bed / 2 bath unit upstairs and a 2 bed / 1 bath unit downstairs — both fully renovated inside and out. Currently fully occupied with great tenants and strong rental history. Excellent turnkey opportunity for investors or someone looking to live in one unit and rent the other!
Recent Renovations:
New roof
Both units fully gutted and remodeled
Granite countertops and tile flooring throughout
New appliances
New HVAC system upstairs
New electric mini-split downstairs
Updated bathrooms, kitchens, and mechanicals
Financials:
Monthly Rent: $3,166
Annual Income: $37,992
Monthly Expenses: $1,055.03 (owner pays WTS, electric for downstairs, gas for both)
Net Operating Income (NOI): $25,331/year
Cap Rate: ~8.17% at $310,000
Bonus Features:
Upstairs has separate gas meter (landlord currently pays, but could be tenant-paid in future)
1-car detached garage with storage or potential to convert into efficiency apartment
Located close to schools, parks, and shopping
This one won’t last long — great tenants, fully renovated, and cashflow from Day 1!
Selling As-Is. Inspections Welcome
For sale by owner
Price cut: $20K (7/21)
$310,000
231 S Highland St, Winchester, KY 40391
6beds
3,000sqft
Est.:
MultiFamily
Built in 1940
-- sqft lot
$-- Zestimate®
$103/sqft
$-- HOA
What's special
New roofNew appliancesNew electric mini-splitNew hvac systemGranite countertopsUpdated bathrooms
- 31 days
- on Zillow |
- 993 |
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