$289,900

118 Central Avenue, Berea, KY 40403

  • 6 beds |
  • 4 baths |
  • 2,248 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1994
  • Property Lot Size Icon7,275sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $129/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Fully occupied, turnkey duplex in Berea generating immediate cash flow with both 3BR/1.5BA units leased at $1,550/month, producing $3,100/month ($37,200 annually) in gross rental income. Property features stable annual leases, thoughtful interior updates, and energy-efficient improvements including updated HVAC systems, windows, and roofing. Utilities are currently included for both units, with total utility costs averaging approximately $500/month for the entire property. Annual property taxes are approximately $2,000, and insurance averages around $3,000/year. Walkable distance to Berea College, and conveniently located near I-75, local shops, restaurants, and outdoor recreation, this property offers a strong opportunity for investors seeking a stabilized, income-producing asset in a high-demand rental market.

Listing Status:
Active
Date Added:
January 22, 2026
Data Last Updated:
May 20, 2026 at 7:38AM
Listing Office:
Century 21 Pinnacle : 859-623-1900
MLS ID:
26001566
  • Laundry: Electric Dryer HookupMain LevelWasher Hookup
  • A/C: Electric
  • Heating: Electric
  • Parking: On SitePavedParking spaces: 4
  • Roofing: Metal
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • School District: Berea Independent
  • County: Madison
  • Zoning: OtherB010-0016-0002
  • Utilities: Electricity ConnectedSewer ConnectedWater Connected
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of Century 21 Pinnacle

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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