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Auria Williams Linn

auriawilliams@simplihom.com +1(805) 796-9424

$ 369,000

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Price Dropped by $50K

4738 Camargo Levee Road Mt Sterling, KY 40353

9 Beds

9 Baths

6,000 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $61

Subdivision Camargo Heights

MLS Listing ID 26022136

Bedrooms 9

Full Baths 9

Lot Size 0.660 Acres

Acres 0.66

Property Sub-Type Apartment

Property Description

Opportunity knocks just minutes from downtown Mt. Sterling with this compelling 9-unit multifamily investment in the quiet Camargo community. This income-producing property offers immediate returns with 6 units currently leased, 2 rent-ready, and 1 unit ready for renovation, providing both stability and upside from day one. Spread across two buildings, the property has seen significant recent improvements, including 8 units updated or repaired within the past two years, new HVAC systems, and a recently installed metal roof on the 4-unit building. The larger building features 5 existing units plus a framed 6th unit with rough plumbing and electric already in place--ideal for increasing door count with minimal additional investment. Beyond the existing units, the property offers exceptional expansion potential: 32' x 40' shop with 12' ceilings and work pit--perfect for additional rental income, storage leases, or conversion to 2-3 more units RV pad with electric and plumbing, with space to add a second pad Infrastructure in place for scalability with 12 individual water meters onsite (currently operating on 2 meters), allowing for future tenant-paid utilities and improved expense control Positioned in a peaceful rural setting while remaining accessible to key demand drivers--just 46 minutes to Lexington and within reach of Morehead State University and Transylvania University--this property offers the ideal blend of current income, operational improvements, and long-term growth potential. Whether you're expanding your portfolio or entering the multifamily space, this is a rare value-add opportunity with multiple revenue streams already in motion.

Location

State KY

County Montgomery

Interior

Heating Electric, Forced Air, Heat Pump, Other

Cooling Ductless, Electric, Other

Laundry Main Level

Exterior

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

View Y/N N

Roof Type Metal

Handicap Access No

Private Pool No

Schools

Elementary Schools Camargo

Middle Schools Mcnabb

High Schools Montgomery Co

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by MELIA Realty LLC

Nearby Locations

ABOUT US

Our Story

From Humble Beginnings to a Nationwide Movement

At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.

Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

Our Mission: Making Real Estate Simple

We believe real estate should be transparent, efficient, and personal. At simpliHŌM, relationships are at the heart of every transaction. Our mission is to remove the unnecessary complexity and stress, creating a seamless experience for clients and empowering agents to thrive.

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+1(805) 796-9424

auriawilliams@simplihom.com