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About This Home
This 12-bedroom, 5-bathroom multi-family at 240 Susan Drive in Richmond, KY is listed for $500,000 ($102 per sqft). Built in 1990, the home offers 4,920 sqft of living space on a 0.49 acres lot.
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.
Key Features
- Built in 1990
- 0.49 acre lot
- 3 stories
- 9 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,674/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
240 Susan Drive
Richmond, KY 40475
Hillcrest
Property Details
Parking
Heating
Cooling
Questions & Answers
This 12-bedroom, 5-bathroom multi-family at 240 Susan Drive is listed at $500,000 ($102/sqft). The estimated monthly payment is $2,167 based on 20% down at 6.5% interest.
Key features include: Built in 1990, 0.49 acre lot, 3 stories, 9 parking spaces.
This property is listed by Tom D Thomas and can be reached at 8595596335 or tom@recoky.com.