7 Plex For Sale

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30622057
Property Subtypes: Mid-Rise
Status: Pending
Number of Units: 7 Units
Building Size (RSF): 5,460 SF
Gross Building Area: See Agent
Sale Price: $320,000
Unit Price: $45,714.29 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.75%
Last Updated: 6/19/2020

Overview / Comments

Cash Cow 7 plex! Convenient to EKU. Ready to sell! All brick 6 of the units have 2 BR. Lower level units have 1.5 Baths. Upper 2BR units have 2 full baths.Studio unit 1BR & 1BA. Tri-level. Roof 2 yrs new. All HVAC units except 1 are updated. Separate utilities in 6 of 7 units. Owner pays studio unit's utilities. All electric. Laundry area in lower level. Off street parking available.

Attachments & Media

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Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Tax ID/APN: 054B-0001-0003
Zoning: B3
Percent Occupied: 100%
Property Located Between: Off I-75 in Richmond.
Highway Access: South on I-75 from Lexington exit 90A turn right on US25 then right on Foxhaven Dr. 4/10 mile to Foxhaven Court.
Site Description: Cul-de-sac in a multi-family area close to I-75.
Area Description: Convenient for EKU students and close to I-75
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 2003
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: All brick
Parking Type: Surface
Parking Description: Off street and on street available. 8 spots in back.
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Interior Description: 2 Units have 2 bedrooms,1.5 baths. 4 Units have 2 baths. Studio unit 1br/1 bath. Laundry area in lower level.
Zoning Description: B3
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,470 33,488 39,697
Median Age: 32.53 31.97 32.41
Households: 2,536 13,082 15,587


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