240 E Main St Mount Vernon, KY 40456
Property details
About 240 E Main St
Prime Rental Investment Opportunity in the Heart of Mount VernonLooking for a lucrative investment in a prime location? This 5-unit apartment complex being completely rented and located on Main Street in the heart of Mount Vernon is a rare find!Property Features:3 Units: 1 Bedroom, 1 Bath 1 Unit: 2 Bedrooms, 1 Bath1 Unit: 3 Bedrooms, 1 BathFull basement currently rented, with potential to convert into a large apartment or office space for added income.Central heat and air, plus City water and sewer services provide convenience and reliability.A large, completely fenced-in backyard, perfect for tenants seeking outdoor space.A spacious blacktop parking lot offers ample parking for all residents. Prime Location:Situated on Main Street, this property is in the heart of town, offering tenants easy access to local shops, restaurants, and amenities. This desirable location ensures low vacancy rates and steady rental income.With its versatility, prime location, and untapped potential in the basement, this property is a fantastic opportunity for seasoned investors or those just starting their real estate journey.
Highlights
Summary
- MLS Number: 25000510
- Office Name: WEICHERT REALTORS - Ford Brothers
- Office Phone: (859) 353-4446
- Office Email: Richmond@FordBrothersInc.com
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Last updated on: 3/14/2025, 12:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$429,000
240 E Main St
$5,094
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jan 10, 2018 | Home Sold | $150,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $150,000 | $1,241 |
2022 | $150,000 | $1,231 |
2021 | $150,000 | $1,240 |
2019 | $150,000 | $1,231 |
2018 | $150,000 | $1,227 |
History based on county public records data.
Nearby schools
2
Mt. Vernon Elementary School
Public District PK-5
0.5 mi
•530 Williams St
4
Brodhead Elementary School
Public District PK-5
5.8 mi
•27 School St
4
Roundstone Elementary School
Public District PK-5
6.2 mi
•6701 N Wilderness Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $21,000. The most common annual income of people living in Mount Vernon, KY is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
This home is located at 240 E Main St in Mount Vernon, KY and zip code 40456. Features: 0 bathroom. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $429,000.
In February 2025 more than 1 listings in Mount Vernon, KY were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 5 were sold below. The number of homes for sale in Mount Vernon, KY did not change between January and February 2025. In February 2025, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $198,500.