Charming Historic Multi-Family Property in Georgetown, KY: A Renovator’s Dream Opportunity
If you’re a developer or a visionary homeowner with a penchant for blending history with modernity, the historic brick multi-family property at 320-322 Gano Avenue in Georgetown, KY, is an opportunity you won’t want to miss. Listed at $339,000, this expansive property is situated on a spacious double lot and boasts immense potential for creative transformation.
Steeped in character and located in a desirable neighborhood, this property features eight bedrooms and four bathrooms spread over 3,880 finished square feet. The additional space in the walk-up attic offers the possibility of creating a theater room or another significant bonus area. Whether you’re looking to develop an income-producing rental or envisioning a grand residence for yourself, this property provides a versatile canvas to bring your architectural dreams to life.
One of the standout features of this listing is its great curb appeal and existing off-street parking—a coveted amenity in a city where parking can be limited. This makes it ideal for tenants or homeowners who value the convenience of accessible parking. Additionally, some updates have already been made to the left side of the property, including updated electric, plumbing, windows, trim work, and bathrooms. These improvements provide a solid foundation for further enhancements.
The large double lot not only offers ample space for outdoor activities but also presents room for growth and additional construction (pending permits). This means more revenue potential within minutes of downtown Georgetown, making it an attractive investment opportunity.
In summary, 320-322 Gano Avenue is more than just a property; it’s a chance to own a piece of history while also capitalizing on its future potential. With its blend of historic charm and modern amenities, this multi-family home offers an array of possibilities for enhancement and income generation. Don’t miss out on the opportunity to transform this gem into something truly spectacular.
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