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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
WalkingCar-Dependent
0
TransitVery Limited Transit
12
BikeSomewhat Bikeable

Schools

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