3 Duplex Package - Richmond, KY

Multi-Family for Sale
Catylist Listing ID: 30339514
Property Subtypes: Duplex/Fourplex
Number of Units: 6 Units
Building Size (RSF): 9,048 SF
Gross Building Area: See Agent
Sale Price: $265,000 - 795,000
Unit Price: $44,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/21/2019

Overview / Comments

Three all brick duplexes (townhome style-upstairs/downstairs) available, can be sold individually or as a package. This is a great opportunity for someone looking to buy a home and lease the other side for rental income to cover the mortgage, or for someone looking for a smaller portfolio close together which is easier to manage. More properties on the street can be added if desired. Great rental area near EKU campus, I-75, and Richmond Centre. Each unit (side) is approximately 1500 SF with 3 bed, 2.5 bath, washer/dryer, and real hardwood flooring on main level. Each property has satin-nickel finished lighting, plumbing hardware and attached garage. There is ample rear parking and street parking as well. Properties have been well taken care of since they were built between 12-14 years ago when the street was developed.

Each of the properties have been used as rental income for the owner since built and has stayed nearly 100% occupied with the longest vacancy lasting a little more than 3 weeks.

Current property manager also owns and manages others on the same street and willing to provide management at market rates as desired for the new owner/investor.

These are wonderful rental units with well-laid out space. If you’re a parent sending a child to EKU or to a school in the area, this is smart way to not throw your money away on rent!

We request that you DO NOT talk to or disturb tenants in place. Please do not pull in to the driveways, please view from the street. Agent will work with you to discretely schedule time to view interior.

Attachments & Media

Financials

Finance Data Year 2018
Potential Rental Income $75,600 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Tax ID/APN: 0042-042C-0055
Zoning: R2
Percent Occupied: 100%
Total Number of Buildings: 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,743 26,347 40,496
Median Age: 29.96 31.35 32.87
Households: 2,869 10,014 15,963

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