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
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$429,000
240 E Main St
$5,094
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
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. Typical income of Mount Vernon, KY residents is less than $<35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Monster Trucks
NASCAR
Hunting
Where do the neighbors shop?
Wal-Mart
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
Country- Classic Country
New Country
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. Between January and February 2025, Mount Vernon, KY real estate market has seen no change in the number of listings . The median list price of listings available in February 2025 was $198,500, while the average time on the real estate market was 58 days.