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999 Garden Gate Drive

Berea, KY 40403
  • $999,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 23000683
UPDATED: 68 min ago
$999,000
  • 88
    BEDS
  • 8.87
    ACRES
  • 44
    BATHS
  • 0
    1/2 BATHS
  • 55,000
    SQFT
  • $18
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2023
County:

School Ratings & Info

Description

Approved development plan for 11 one-story four-plex buildings. Each building will have 4 units. Each unit will have 1200-1300 sq ft plus 500 sq ft 2 car garage. There will be 44 total units after completion. The sellers currently have two active building permits with one footer and block in the ground. This location is a dream this close to I-75, across from White House Clinic with no steps! There are two buildings that are complete and 100% rented that are owned by a different seller but could potentially be sold for an additional price to the buyer of the adjoining land so you could potentially have 13 four-plex buildings all on the same street.

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Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
www.laneteamky.com/homes/135993202
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999 Garden Gate Drive Berea, KY 40403

  • Price: $999,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 68 min ago
  • MLS #: 23000683
88
Beds
44
Baths
0
½ Baths
8.87
Acres
55,000
SQFT
$18
$/SQFT
2023
Built
Neighborhood:
Beaumont
County:
Madison
Area:
Madison County
Property Description
Approved development plan for 11 one-story four-plex buildings. Each building will have 4 units. Each unit will have 1200-1300 sq ft plus 500 sq ft 2 car garage. There will be 44 total units after completion. The sellers currently have two active building permits with one footer and block in the ground. This location is a dream this close to I-75, across from White House Clinic with no steps! There are two buildings that are complete and 100% rented that are owned by a different seller but could potentially be sold for an additional price to the buyer of the adjoining land so you could potentially have 13 four-plex buildings all on the same street.
Exterior Features

Stories One

Property Features

Construction Status New Construction Current Zoning Multi Family Intermediate School Not Applicable Possession Close Of Escrow Tax Rate .0111572

Bluegrass REALTORS® logo Listing provided courtesy of Amanda Devere-Hembree of Re/Max Unlimited: (859) 624-2060 . Listing information © 2023 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
 
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The Lane Team | Bluegrass Sotheby's International Realty
1999 Richmond Rd., Ste. 400
Lexington KY, 40502