OFF MARKET
416/418 S Main St
Somerset, KY 42501
32 Beds
16 Baths
14,124 sqft (on 0.93 acres)
- 32 Beds
- 16 Baths
- 14,124 sqft (on 0.93 acres)
32 Beds
16 Baths
14,124 sqft
(on 0.93 acres)
Homes for Sale Near 416/418 S Main St
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Premier Properties Of Lake Cumberland, Inc., Bluegrass REALTORS®- NEW CONSTRUCTIONPremier Properties Of Lake Cumberland, Inc., Bluegrass REALTORS®
- NEW CONSTRUCTIONPremier Properties Of Lake Cumberland, Inc., Bluegrass REALTORS®
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Local Information
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Description
This property is not currently for sale or for rent on Trulia. The description and property data below may have been provided by a third party, the homeowner or public records.
They say to become rich you have to make money while you're sleeping, and multi-housing units is where it is at!!! Now is your opportunity to own this 16 unit apartment complex in downtown Somerset, KY. Not only is the downtown being revitalized, but right around the corner is the announced location for the new University of Somerset. Currently the owner only charges $700 a month and pays utilities, but with the average rent for a 2 bedroom in Somerset being between $650-$750 a month, there is a lot of room for even more earning potential, and with the University being built so close, this would be a prime location for those looking to attend the University! All 16 units are rented, with 10 of the 16 being under lease and 6 being month to month. Don't miss your opportunity to begin building, or expanding upon, your empire!
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
No Info
Home Details for 416/418 S Main St
Interior Features |
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Heating & Cooling Heating: BaseboardHeating Fuel: Baseboard |
Property Information |
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Property Type / Style Property Type: Multi Family |
Community |
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Units in Building: 16 |
Lot Information |
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Lot Area: 0.93 acres |
Price History for 416/418 S Main St
| Date | Price | Event | Source |
|---|---|---|---|
| 01/09/2022 | ListingRemoved | Bluegrass REALTORS® #20117474 | |
| 07/08/2021 | $1,100,000 | Listed For Sale | SLCBOR #40751 |
Comparable Sales for 416/418 S Main St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.54 | Multi-Family Home | $191,000 | 02/08/24 | 5 | 2 | 2,246 | |
1.33 | Multi-Family Home | $850,000 | 07/21/23 | - | - | ||
1.78 | Multi-Family Home | $165,000 | 01/12/24 | - | - | ||
2.47 | Multi-Family Home | $1,900,000 | 02/01/24 | - | - | ||
3.40 | Multi-Family Home | $149,900 | 08/21/23 | 2 | 2 | - | |
4.84 | Multi-Family Home | $700,000 | 12/28/23 | 2 | 1 | - | |
6.47 | Multi-Family Home | $239,900 | 04/05/24 | 5 | 2 | 3,352 |
Assigned Schools
These are the assigned schools for 416/418 S Main St.
- Hopkins Elementary School
- PK-4
- Public
- 571 Students
8/10GreatSchools RatingParent Rating AverageHopkins Elementary's staff (Teachers, Office staff, and principals included) need a lesson in respect, professionalism, and school policies 101. You get a different answer from each person you talk to regarding school policies. The schools website/parent portal contradict what parents are told in person. Overall, I truly hate having a child that goes to this school.Parent Review5y ago - Somerset High School
- 9-12
- Public
- 541 Students
6/10GreatSchools RatingParent Rating AverageThis school is by far the best in the county. Where it is such a smaller school then the rest of the schools in the county it allows the teachers to be more one on one with students which in turn makes for a better learning environment. The school has always promoted extracurricular activities and all the students are normally extremely involved with it. Their sports have always been the most competitive in the county even though they are smaller then rival schools. The school board is always looking for a way for the school to advance whether it be educational or infrastructure. All in all this school is an extremely good school not to mention it has the best school pride I’ve ever seen from a school.Other Review1y ago - Meece Middle School
- 5-8
- Public
- 471 Students
6/10GreatSchools RatingParent Rating AverageMeece middle School is a public school with dedicated school staff, faculty and administrators. My son followed the instruction of his teachers. We assisted him with studying his subjects if not nightly then weekly. We found the parent portal helpful with following his progress. Robo calls and important hardcopy reminders from the principle advising on important test dates and prep info were helpful too. There are many more qualities this school has but time prohibits.Parent Review11y ago 
Check out schools near 416/418 S Main St.
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What Locals Say about Somerset
- Sharon H.
- Resident
- 3y ago
"Somerset is a lovely lil town that is trying to better itself by expanding to bigger and better things"
- Amanda S.
- Resident
- 4y ago
"Heavy traffic in the morning and around 5 pm. Lots of stop and go traffic. Overall not too bad though. "
- Carol Y. F.
- Resident
- 4y ago
"great community for families and couples Many opportunities for recreation and boating. lota of choices for worship "
- Jerreehumphrey
- Resident
- 4y ago
"I love my neighborhood and my town, not a lot of crime, of course some. For the most part it’s a great place to raise children and have a family. "
- DJH MD
- Resident
- 4y ago
"The town has classic car shows every 4th weekend from April to October. Town is very cliques and although on the surface is polite and friendly, if you’re not from there, your not readily accepted. "
- April Dawn West
- Resident
- 4y ago
"I love Somerset. I grew up in the area and I raised my children here and now my granddaughter is here. Every neighborhood or town has some less than desirable neighborhood or areas, but overall, Somerset is a safe and growing area."
- Christys215
- Resident
- 4y ago
"We have Lake Cumberland, a Waterpark, several family friendly parks. Downtown area has free outdoor movie once a month in Summer. "
- Amounce007
- Resident
- 4y ago
"This is a great place to live and raise a family. Great school system, friendly neighborhoods, great people and great activities. "
- Stew8986
- Resident
- 5y ago
"It’s very safe and homey! Just a great place to raise a family. Employment opportunities are abundant and the people are helpful and friendly."
- Kelliq08
- Resident
- 5y ago
"Very animal friendly neighborhood and good neighborhood for walks. Many neighbors have animals. We have not had any aggressive behavior from pets here. "
- Elizabeth A.
- Resident
- 5y ago
"Small and quite. Very safe and kid friendly. I’ve live in it for years and never had any trouble. The neighborhood is very nice and everyone seems to care about keeping it clean and safe."
- Christys215
- Resident
- 5y ago
"Downtown is walkable but need more shops and restaurants. It is a beautiful little town but only a couple of restaurants are open after hours. There are a couple more that have Monday-Friday business hours. "
- Cherall H.
- Resident
- 5y ago
"Nice neighborhood. Everyone is very friendly. Have only been here less than a year but we feel very comfortable. "
- Tuckthefront
- Resident
- 5y ago
"I Love this town. People are great. Small town but rapidly growing and the lake is always beautiful and close by no matter where you live in the county. "
- Gmy3sons
- Resident
- 5y ago
"no culture. this is a farm area with a small town mentality. not a place to put permanent roots."
- Robinson s.
- Resident
- 6y ago
"I’ve lived in this community for nearly twenty years. The neighborhoods are wonderful and neighbors are generally friendly "
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Homes for Rent Near 416/418 S Main St
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Off Market Homes Near 416/418 S Main St
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- SOLDMAR 15, 2024Keller Williams Bluegrass Realty - Lake Cumberland, Bluegrass REALTORS®
- SOLDMAR 1, 2024Keller Williams Bluegrass Realty - Lake Cumberland, Bluegrass REALTORS®
- SOLDJAN 5, 2024Keller Williams Bluegrass Realty - Lake Cumberland, Bluegrass REALTORS®
- SOLDJAN 4, 2024Keller Williams Commonwealth, Bluegrass REALTORS®
- SOLDNOV 8, 2023Godby Realty & Auction, Bluegrass REALTORS®
- SOLDOCT 6, 2023Century 21 Advantage Realty, Bluegrass REALTORS®
- SOLDSEP 25, 2023Century 21 Advantage Realty, Bluegrass REALTORS®
- SOLDSEP 3, 2023Century 21 Advantage Realty, Bluegrass REALTORS®
- SOLDAUG 30, 2023Weichert Realtors Ford Brothers, Inc., Bluegrass REALTORS®
- SOLDAUG 21, 2023Keller Williams Commonwealth, Bluegrass REALTORS®
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416/418 S Main St, Somerset, KY 42501 is a 32 bedroom, 16 bathroom, 14,124 sqft multi-family. This property is not currently available for sale. The current Trulia Estimate for 416/418 S Main St is $856,300.