Rare find! Well maintained 4-unit building with 4- 3 BR/2Bath apartments. Units are approx. 1200 SF ea, consisting of a kitchen/dining area, laundry rm, LR, 2 Baths, 3 Bedrooms w/ample closets on a well landscaped lot in the quiet city of Williamstown, KY. Close to Florence & Lexington jobs. Tenants pay ALL utilities directly to the township. Three tenants are at $750, new tenant is $850; potential to raise all rents to $850 in this market w/high demand for 3 BR; POSITIVE instant cash flow; 100% occ; CAP at 9% (8 units); onsite handyman avail; may be sold w/112 Arrowhead or separately
Revolutionary War Captain William Arnold who donated the land to establish the city in 1820. Although it was first named Philadelphia, the name was changed to Williamstown, honoring Captain Arnold, after discovering another city in Kentucky had already claimed that name. Arnold’s original log cabin is part of the historic downtown.
Williamstown is the center for activities in Grant County from performing arts, to theater, and music at "The Old Star Theatre". The "Ark Encounter" (a life-sized Noah’s ark that has made world-wide news) is located nearby. This massive boat is the largest timber-framed structure in the US. Several outdoor festivals enliven the spring and summer months.
Wide-open spaces allow residents the space to tackle any outdoor pursuits with boating at the top of the list. Just minutes away is 350-acre "Williamstown Lake" – the center of recreational life for residents and popular with boaters and fishermen. "Williamstown Marina" is open to the public from April through September. The" Williamstown Family Fun Park" offers recreation during the warmer months.
Nearby "Kincaid Lake State Park" is also popular with those who enjoy the outdoors. "Taylor Racing at Cowtown" offers an indoor motoplex year round, with two outdoor tracks weather permitting. Nearby vineyards and a winery invite oenophiles to visit. Avid gardeners include a stop at "Betty’s Iris Gardens" where over 1000 hybrids scent the summer air.
Williamstown has several city parks. "Webb Park" offers picnic shelters, tennis and basketball courts as well as a playground. "J.B. Miller Park" has 35 acres of natural space and a 10-acre lake. "City Center Park" is in the city’s central business district and offers green space for relaxing. The city hosts various yearly events for the community including an annual Ice Cream Social, Derby Day, US 25 Yard Sale, Party in the Park and Paddle Williamstown.
The city hosts various yearly events for the community including an annual Ice Cream Social, Derby Day, US 25 Yard Sale, Party in the Park and Paddle Williamstown.
114 Arrowhead Dr
Williamstown, KY 41097