They say to become rich you have to make money while you're sleeping, and multi-housing units is where it is at!!! Now is your opportunity to own this 16 unit apartment complex in downtown Somerset, KY. Not only is the downtown being revitalized, but right around the corner is the announced location for the new University of Somerset. Currently the owner only charges $700 a month and pays utilities, but with the average rent for a 2 bedroom in Somerset being between $650-$750 a month, there is a lot of room for even more earning potential, and with the University being built so close, this would be a prime location for those looking to attend the University! All 16 units are rented, with 10 of the 16 being under lease and 6 being month to month. Don't miss your opportunity to begin building, or expanding upon, your empire!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
