118 S Franklin, Madisonville, KY 42431
- $255,900
- 10
- BD
- 7
- BA
- 2,946
- SqFt
- List Price
- $255,900
- Days on Market
- 34
- Status
- ACTIVE
- MLS#
- 121980
- Bedrooms
- 10
- Bathrooms
- 7
- Living Area
- 2,946
- Lot Size (Acres)
- 0.29
- Year Built
- 1924
Property Description
Turnkey multi-family investment opportunity on S. Franklin Street in Madisonville, just a short walk to downtown shops, restaurants, and local attractions. This unique property features 3 established rental units currently operating as Airbnb properties. Unit 1 offers 2 bedrooms and 2 baths, Unit 2 features 1 bedroom, 1 bath, plus an office, and Unit 3 includes 2 bedrooms and 1 bath. Each unit has updated living rooms, kitchens, and laundry areas and comes fully furnished, including linens and kitchenware, making it truly turnkey. Situated on a deep fenced lot, the property also includes a storage building for additional space. Major updates include a new roof and gutters in 2025, with all three HVAC units approximately 5 years old. A rare opportunity to own a fully operational income-producing property near downtown Madisonville.
Additional Information
- Area
- Madisonville
- Subdivision
- Comer Hills Sub
- Interior Features
- Ceiling Fan(s), Walk-In Closet(s), Laundry Room
- Flooring
- Hardwood Floors, Tile Floors
- Garage Description
- Concrete
- Exterior Features
- Lighting
- Heating
- Natural Gas
- Cooling
- Central Electric, One Bedroom (Air Conditioning), Two Bedroom (Air Conditioning), Three Bedroom (Air Conditioning)
- Roof
- Composition
- Utilities
- Electricity Connected, Natural Gas Connected
- Water
- Combined Water Meters
- Sewer
- City Sewer, City Water
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Listing courtesy of Haven Realty, LLC.