214 E Chestnut St, Carlisle, KY 40311

Property Description

Clay Manor Apartments presents a compelling opportunity to acquire a 12-unit multifamily investment property in Carlisle, Kentucky. Offered at $825,000, the property features ten two-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments, providing an established rental portfolio with opportunities for additional income growth. Currently, 10 of the 12 units are occupied, with two vacant apartments available for lease-up. All existing tenants are on month-to-month leases, and current rents average approximately $600 per occupied unit. Newer two-bedroom leases reflect rental rates of $650 per month, providing investors with an opportunity to evaluate future rental adjustments as part of their investment strategy. The property benefits from an existing on-site manager, tenant-paid utilities, and a documented operating history. Conveniently located near downtown Carlisle, the building offers access to local shopping, dining, schools, and everyday amenities. With established rental income, immediate lease-up opportunities, and potential for continued revenue growth, Clay Manor Apartments offers an attractive addition to an investment portfolio. Financial statements and additional property information are available upon request. Schedule a private showing to explore this multifamily investment opportunity.