




240 Susan Dr, Richmond, KY, 40475
12beds
5baths
4,920sqft
$500,000
$102price/sqft
$3,568/moest. monthly cost
$142,720/yrincome needed
About This Home
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.
Getting Around
5
0
12
Schools
6/10
8/10
7/10
Construction
Condition
- Year built: 1990
Materials
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Electric Dryer Hookup,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 5
- Full bathrooms: 5
Heating & Cooling
- Heating features: Electric,Forced Air,Heat Pump,Natural Gas
- Cooling features: Central Air,Electric,Heat Pump
Interior Area
- Total structure area: 4,920
- Total interior livable area: 4,920 sqft
Property
Details
- Parcel number: 054A00020016
- Zoning: Other
Lot
- Lot size: 0.49 Acres
Parking
- Total spaces: 9
- Parking features: On Site,Paved,Open
- Has uncovered spaces: Yes
