Description
A piece of Morehead History. These 2 apartment buildings known formerly as the Mabry apartments are approximately 2 miles from MSU campus and has been serving the community and students alike for decades. This offer consist of 12 units. 475 Christy Creek has 7 - 1 BR/1 BA units and 1-2 BR/1 BA unit for a total of 8 Units and has gas , sewer, water and electric paid by Landlord. Situated on .46 surveyed acres. 500 Christy Creek has 4 - 1 BR/1 BA units and water, electric, gas and septic. -paid by Landlord but has some separate meters if you wanted to put these 4 on tenant pay. Situated on 1.24 surveyed acres. Possible room for some more units and a possibility to hook those up on sewer-Buyer to verify with Utility Plant Board.Several of the units have had updates and their is still some work to do, but if you are handy and can do some work yourself-you might just be able to add some equity for you! Some maintenance equipment may stay with purchase.Allow a couple days for appointments to be set up but CALL QUICKLY.
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13BEDS
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1.7ACRES
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12BATHS
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01/2 BATHS
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11,104SQFT
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$45$/SQFT
School Information
Description
A piece of Morehead History. These 2 apartment buildings known formerly as the Mabry apartments are approximately 2 miles from MSU campus and has been serving the community and students alike for decades. This offer consist of 12 units. 475 Christy Creek has 7 - 1 BR/1 BA units and 1-2 BR/1 BA unit for a total of 8 Units and has gas , sewer, water and electric paid by Landlord. Situated on .46 surveyed acres. 500 Christy Creek has 4 - 1 BR/1 BA units and water, electric, gas and septic. -paid by Landlord but has some separate meters if you wanted to put these 4 on tenant pay. Situated on 1.24 surveyed acres. Possible room for some more units and a possibility to hook those up on sewer-Buyer to verify with Utility Plant Board.Several of the units have had updates and their is still some work to do, but if you are handy and can do some work yourself-you might just be able to add some equity for you! Some maintenance equipment may stay with purchase.Allow a couple days for appointments to be set up but CALL QUICKLY.
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Listing provided courtesy of Randy Newsome of United Real Estate Lexington Ky: (859) 800-7355 . Listing information © 2023 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.