Wow!

This presents a remarkable opportunity for someone looking to invest in historic properties with a rich legacy. The listing includes three historic houses in Maysville, Kentucky, with one of them being the childhood home of Rosemary Clooney. The oldest among them dates back to 1831, adding a layer of historical significance to the ensemble.

These houses have been utilized as long-term rentals, generating an annual income of $29,000. The advantage of purchasing properties with established long-term tenants is evident, though it can pose challenges if the goal is renovation or restoration. Notably, all these houses have undergone updates in electric, plumbing, and HVAC systems, making them suitable for continued rental use.

For those inclined to maintain them as rentals, the properties are ready to go. However, if the vision involves renovation or restoration, the approach could be sequential—starting with one property and progressing to the next. When dealing with a group of houses that already have tenants, a thoughtful strategy is crucial. In a similar scenario, the seller provided alternative housing options of comparable cost to the existing tenants and even allowed a grace period without rent to facilitate their transition.

The collective offering includes a total of nine bedrooms and eight bathrooms, providing ample space for various possibilities. Priced at $299,900, this investment goes beyond mere rental income; it becomes a venture in preserving historic houses with cultural significance. Whether you are an investor seeking a profitable rental portfolio or an enthusiast with a passion for restoring historic gems, this listing opens doors to a unique opportunity in Maysville, Kentucky.

Contact Carleen Lutz Market Properties

From the Zillow listing:

The Richeson Historic Houses! Here is your chance to own part of Maysville’s history. 3 homes overlooking the Ohio River Valley with two of the homes reflected on the Historic Walking Tour Map of Maysville, Ky. Beautifully restored following the National Register’s guidelines for Rehabilitation of Historic Buildings with special attention given to the homes original architectural features.

Let them know you saw it on Old House Life!

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