4738 Camargo Levee Road,Mt Sterling, KY 40353
Mt Sterling, KY 40353
Description
Opportunity knocks just minutes from downtown Mt. Sterling with this compelling 9-unit multifamily investment in the quiet Camargo community. This income-producing property offers immediate returns with 6 units currently leased, 2 rent-ready, and 1 unit ready for renovation, providing both stability and upside from day one. Spread across two buildings, the property has seen significant recent improvements, including 8 units updated or repaired within the past two years, new HVAC systems, and a recently installed metal roof on the 4-unit building. The larger building features 5 existing units plus a framed 6th unit with rough plumbing and electric already in place--ideal for increasing door count with minimal additional investment. Beyond the existing units, the property offers exceptional expansion potential: 32' x 40' shop with 12' ceilings and work pit--perfect for additional rental income, storage leases, or conversion to 2-3 more units RV pad with electric and plumbing, with space to add a second pad Infrastructure in place for scalability with 12 individual water meters onsite (currently operating on 2 meters), allowing for future tenant-paid utilities and improved expense control Positioned in a peaceful rural setting while remaining accessible to key demand drivers--just 46 minutes to Lexington and within reach of Morehead State University and Transylvania University--this property offers the ideal blend of current income, operational improvements, and long-term growth potential. Whether you're expanding your portfolio or entering the multifamily space, this is a rare value-add opportunity with multiple revenue streams already in motion.
Details
| MLS # | 26022136 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 14 |
| Listing Provided By | MELIA Realty LLC | MELIA Realty Group - Melia Hord |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 9 Total |
| SQ Feet | 6,000 |
| Units | 9 |
| Building(s) | 2 |
| Acreage | 0.66 |
Interior
| Cooling | Ductless, Electric, Other |
|---|---|
| Heating | Electric, Forced Air, Heat Pump, Other |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Metal |
|---|
Utilities
| Utilities | Cable Available, Electricity Available, Sewer Available, Water Available |
|---|
Area Information
| State | KY |
|---|---|
| County | Montgomery |
| City | Mt Sterling |
| Zip Code | 40353 |
| Area | 018 Montgomery County |
| Subarea | Montgomery County |
| Community Name | Camargo Heights |
| School District | Montgomery County |
| Elementary School | Camargo |
| High School | Montgomery Co |
| Listing VS Median (in Camargo Heights) | |
Price: $419,000 low | high Med: $309,450 sqft: 6,000 low | high Med: 3,784 $ / sqft: $70 low | high Med: $99 On site: 14 low | high Med: 74.5 | |
Market Activity 40353
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Learn More About This Property
| State | KY |
|---|---|
| County | Montgomery |
| City | Mt Sterling |
| Zip Code | 40353 |
| Area | 018 Montgomery County |
| Subarea | Montgomery County |
| Community Name | Camargo Heights |
| School District | Montgomery County |
| Elementary School | Camargo |
| High School | Montgomery Co |
| Listing VS Median (in Camargo Heights) | |
Price: $419,000 low | high Med: $309,450 sqft: 6,000 low | high Med: 3,784 $ / sqft: $70 low | high Med: $99 On site: 14 low | high Med: 74.5 | |
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