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About This Home

This 16-bedroom, 14-bathroom multi-family at 2021 Willow Drive in Richmond, KY is listed for $1,075,000 ($116 per sqft). Built in 2010, the home offers 9,280 sqft of living space on a 0.60 acres lot.

Agent Description

This solid two-story brick multifamily building offers a mix of spacious townhomes and efficient apartments, ideally located off Duncannon Road with quick access to I-75. It includes four townhomes with 2 bedrooms and 2.5 baths each, and four apartments with 2 bedrooms and 1 bath each, all designed for comfortable living with practical layouts.

Interior features include flooring choices of tile, luxury vinyl plank (LVP), and carpet throughout, along with ceiling fans in living areas and bedrooms for added comfort. The roof was replaced in 2024, and four units are equipped with newer HVAC systems.

Back porches and stairs have been recently updated, and underground utilities keep service clean and reliable. Tenants pay their own electric, with separate utility meters to streamline cash flow and reduce owner expenses. The location on Duncannon Road provides convenient access to I-75, and it's close to shopping, dining, and commuter routes.

Investment highlights include strong density with a mix of 2-bedroom townhomes and 2-bedroom apartments, recent capital improvements (roof 2024, new HVAC units on four units, updated back porches and stairs), underground utilities, and separate electric meters that align with market practice and favorable expense tracking. This property offers a balanced, low-maintenance portfolio with modern updates, making it attractive to tenants and an efficient asset for an investor.

Key Features

  • Built in 2010
  • 0.60 acre lot
  • 2 stories
  • 16 parking spaces

Property Details

2 stories
12 full, 4 half
16 spaces
2010

Amenities

A/C

Monthly Cost Estimate

$5,749/mo

20% down · 6.5% · 30 years

Principal$777
Interest$4,658
Insurance$314

Estimates only. Actual payments may vary.

Location

2021 Willow Drive

Richmond, KY 40475

Autumn Place

Property Details

Heating

Electric (Heating)Heat Pump (Heating)

Cooling

ElectricHeat Pump

Questions & Answers

This 16-bedroom, 14-bathroom multi-family at 2021 Willow Drive is listed at $1,075,000 ($116/sqft). The estimated monthly payment is $4,658 based on 20% down at 6.5% interest.

Key features include: Built in 2010, 0.60 acre lot, 2 stories, 16 parking spaces.

This property is listed by Lisa Scully and can be reached at 8595750388 or lscully@century21advantage.com.

LS

Lisa Scully

Agent at CENTURY 21 Advantage Realty

(859) 575-0388

Listed by CENTURY 21 Advantage Realty

MLS# 26007368· Source: listhub· Updated 1 days ago

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2021 Willow Drive, Richmond, KY 40475

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