$1,326,000
Carlisle, KY 40311
MLS# 25011828
Status: Closed
70 beds | 34 baths | 1 sqft
1 / 12
Property Description
Investment Opportunity: 34 Unit Apartment Complex on 1.9 +/- Acres in Carlisle, KY. Introducing a rare opportunity to acquire a 5 building apartment complex with on site coin laundry. This high performing asset features 34 total units, thoughtfully divided into 6 one bedroom, 20 two bedroom, and 8 three bedroom apartments, offering a desirable unit mix that appeals to a wide tenant demographic. With current occupancy at 94 percent, this complex demonstrates strong rental demand and consistent cash flow. The on site coin laundry facility adds convenience for tenants and additional income potential for ownership. Located just minutes from local schools, shopping, and services, this property is ideally suited for both seasoned investors and those looking to expand their multifamily portfolio in a stable rental market. Property is in multiple offer situation, please have all offers submitted to listing agent no later than Saturday, June 7 2025 @ 3:00p.m. EST for Carlisle-Nicholas Co. Housing Authority Board review. Thank you.
Details
Listing Information
Comp Sale YN: No
Property Sub Type: Apartment
Status Change Information
Status Change Timestamp: 2025-10-18
Purchase Contract Date: 2025-06-09
Close Date: 2025-10-17
Close Price: 1326000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Address
County: Nicholas
Street Number: 1
Street Name: Sycamore Hill
Street Suffix: Street
State: KY
Zip Code: 40311
Directions: From Main St. in Carlisle turn onto Sycamore St. At Stop Sign turn left then right onto Sycamore Hill St. Go to end of Street and property is the apartment complex on the Right.
Parcel Number: C02-03-009.00
Contract
Current Price: $1,326,000
Original List Price: 990000
Status: Closed
Start Showing Date: 2025-06-04
Listing Contract Date: 2025-06-04
Sold Price: $1,326,000
Listing Agreement: Exclusive Right To Sell
Owner Name: Sycamore Hill Apts.
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 521052.63
List Price/SqFt: 990000
Sold Price/Acre: 697894.74
Sold Price/SqFt: 1326000
SP/LP: 1.34
Interior
Bedrooms Total: 70
Bathrooms Total: 34
Bathrooms Full: 34
Living Area: 1
Parking Information
Parking Total: 55
Building
Year Built: 9999
Stories Total: 2
Accessibility Features YN: No
Lot
Lot Size Acres: 1.9
Lot Size Square Feet: 82764
Utilities
Cooling YN: Yes
Heating YN: Yes
Remarks
Public Remarks: Investment Opportunity: 34 Unit Apartment Complex on 1.9 +/- Acres in Carlisle, KY. Introducing a rare opportunity to acquire a 5 building apartment complex with on site coin laundry. This high performing asset features 34 total units, thoughtfully divided into 6 one bedroom, 20 two bedroom, and 8 three bedroom apartments, offering a desirable unit mix that appeals to a wide tenant demographic. With current occupancy at 94 percent, this complex demonstrates strong rental demand and consistent cash flow. The on site coin laundry facility adds convenience for tenants and additional income potential for ownership. Located just minutes from local schools, shopping, and services, this property is ideally suited for both seasoned investors and those looking to expand their multifamily portfolio in a stable rental market. Property is in multiple offer situation, please have all offers submitted to listing agent no later than Saturday, June 7 2025 @ 3:00p.m. EST for Carlisle-Nicholas Co. Housing Authority Board review. Thank you.
Building and Property Details
Laundry SqFt: 384
Income and Expenses
Gross Income: 18800
Gross Scheduled Income: 18400
Other Expense: 5000
Other Income: 400
Vacancy Allowance Rate: 6
Unit Details
Number Of Units Vacant: 2
Showing Information
Showing Instructions: Use Showing Time or Call Listing Agent
Tax Legal
MLS Area Major: 017 - Nicholas County
Subdivision Name: Downtown
High School District: Nicholas County - 17
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Association Amenities: Coin Laundry
Cooling: Heat Pump; Window Unit(s)
Heating: Forced Air; Heat Pump
Possession: Close Of Escrow
Roof: Shingle
Special Listing Conditions: Standard
Structure Type: Multi Family
Listing Office: The Real Estate Co.
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.