221 E 4th Street, London, KY 40741
221 E 4th Street, London, KY 40741
221 E 4th Street, London, KY 40741
221 E 4th Street, London, KY 40741
221 E 4th Street, London, KY 40741
221 E 4th Street, London, KY 40741

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Additional details
Wes Williams

Wes Williams

+1(606) 627-1764
$ 385,000

8 Beds

5 Baths

4,905 SqFt

Save
$ 385,000
Save

8 Beds

5 Baths

4,905 SqFt

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,905 sqft

Price per Sqft $78

Subdivision City Limits

MLS Listing ID 26028525

Bedrooms 8

Full Baths 5

Year Built 1947

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Apartment

Property Description

**Prime Investment Opportunity in the Heart of Downtown London!** Expand your investment portfolio with this income-producing property featuring **5 rental units across 3 separate buildings**, currently zoned commercial and generating **$3,950 in monthly rental income ($47,400 annually)**! The property consists of two standalone homes, identified as House A and House B, along with a third building containing three additional rental units. **House A features a new metal roof**, and both homes offer basements with potential for conversion into additional efficiency apartments, subject to necessary approvals and permitting. Building 3 features two upstairs apartments, each offering 1 bedroom and 1 bathroom, along with a third rental unit on the lower level. **Apartment 1 has been renovated**, adding to the property's appeal. With a history of minimal vacancy and strong rental demand, this established investment offers consistent income potential. Tenants pay their own electric and water, helping minimize operating expenses. Situated in a convenient downtown location near local businesses, shopping, dining, and amenities, this property offers an attractive combination of **immediate rental income, multiple buildings, and potential for future expansion**. Whether you're growing your investment portfolio or looking for an established multifamily rental property, this downtown London opportunity is one you won't want to miss!

Location

State KY

County Laurel

Zoning C-1

Interior

Heating Heat Pump

Cooling Heat Pump

Exterior

Parking Features On Site, Paved

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N N

Roof Type Metal,Shingle

Handicap Access No

Private Pool No

Schools

Elementary Schools London

Middle Schools North Laurel

High Schools North Laurel

Others

Special Listing Condition Standard

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Keller Williams Legacy Group
Wes Williams

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(606) 627-1764

williamseliterealtyky@gmail.com

205 London Shopping Ctr, London, KY 40741-3016, USA

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221 E 4th Street

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