Wow! This could be quite the opportunity for someone. This listing includes three historic houses. One of them is the childhood home of Rosemary Clooney. The earliest house was built in 1831. They are located in Maysville, Kentucky. These houses have been used as long term rentals. They brought in an annual income of $29,000. Buying properties like this with long term tenants in place can be tricky. All of these have updated electric, plumbing and HVAC. If the idea is to keep them as rentals, good to go. If the idea is to renovate or restore, start with one and move to the next. When we purchased a group of houses that had tenants, we tried to find them other housing that was similar in cost. We also gave a few months time for two houses and didn’t charge rent so they could save up for down payments or security deposit etc. It wasn’t about rental income for us, it was about saving the houses from falling down. Nine bedrooms and eight bathrooms. $299,900
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!
