London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale
BEDS12
BATHS5 full
SQUARE FEET4,920
MLS#25506308
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHillcrest
SCHOOLMadison County - 8
Property Description
Excellent Investment Opportunity in Richmond???Now at a Reduced Price! This 5 Unit Apartment Building (Three 2BR, 1BA Units and Two 3BR, 1BA Units; Four Units Have Their Own Detached Storage Unit) at 240 Susan Drive now offers even greater value with a recent price reduction. Strong potential for increased income remains???current leases are under market value, presenting an immediate value add opportunity for savvy investors. Conveniently located near shopping, dining, and Eastern Kentucky University, this well maintained property provides consistent occupancy and a solid rental history. With updated rents and the new, lower price, this property could deliver impressive returns in Richmond's growing rental market.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric, Heat Pump
Fuel Type: Electric, Gas
Heating: Electric, Forced Air, Heat Pump, Natural Gas
Lot Size: 0.49 Acres
Roof Type: Shingle
Year Built: 1990
Feature Descriptions
Days on Site: 105
Laundry: Electric Dryer Hookup, Washer Hookup
Laundry Features: Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 0.490 acre(s)
Parcel #: 054A-0002-0016
Parking Notes: On Site, Paved, Open
Structure Type: Multi Family
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Not Available, Water Connected
Local Schools
High School: Madison Central
Middle School: Michael Caudill
Elementary School: Glenn Marshall
School District: Madison County - 8
Listed By / Shown By
Listed By
Agency Name: The Real Estate Co.
Shown By
Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000
Estimate Your Payment
Estimated Payment
$ 1,942.01 per month $1,796.18 Principal & Interest $0.00 Property Tax (data not provided by mls) $145.83 Homeowner's Insurance
240 Susan Drive | MLS# 25506308
This multi-family property located at 240 Susan Drive, Richmond, KY 40475 is currently listed for sale with an asking price of $500,000. Susan Drive is located within the Madison County - 8 school district. Search Richmond real estate on www.salliedavidson.com today.