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4738 Camargo Levee Road, Mt Sterling, KY 40353

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For Sale

$530,000

9 beds9 baths6,000 sqft

Estimated Payment

$      /mo.

APR for 30 years

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  • Apartment
    Property type

  • $88.33
    Price per square foot

Explore this Property

Multi-Family Investment Opportunity - 9 Units + Expansion Potential in Camargo, KY Excellent income-producing property featuring 9 rentable units across two buildings, with 6 units currently leased, 2 ready for new tenants, and 1 awaiting renovation. Recent updates include 8 units repaired or flipped within the last two years, new HVAC systems, and a new metal roof (installed within 3 months) on the smaller 4-unit building. The larger building offers 5 existing units plus a framed-out 6th unit with rough plumbing and electric in place. Additional opportunities include a spacious A 32' x 40' shop with 12' ceilings and a work pit garage that could be leased for storage or converted into 2-3 more rental units, and a plumbed RV pad with electric-plus space for a second pad once utilities are extended. The property is currently served by 2 water meters, with 12 new individual meters onsite ready for installation to increase efficiency and reduce costs. This well-maintained complex in peaceful Camargo offers both immediate cash flow and substantial upside potential-perfect for investors seeking value-add opportunities in a rural market. Located outside of downtown Mt Sterling and within 46 minutes/36 miles from downtown Lexington. It is approximately 40 minutes to Morehead State University and Transylvania University.
MLS# 25502951

Courtesy Of Keller Williams Legacy Group

(859) 544-6175

Property Features

  • Amenities
    Cable Ready
  • Heating System
    Forced Air
  • Lot Size
    0.66 Acres
  • Roof Type
    Metal
  • Rooms
    Laundry Room

Home seller CENTURY 21 Commonwealth Real Estate

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CENTURY 21 Commonwealth Real Estate

(502) 226-2121
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