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$ 975,000
Active
306 Spangler Drive Richmond, KY 40475
15 Beds
13 Baths
0.48 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Commercial
MLS Listing ID 25006032
Bedrooms 15
Full Baths 8
Half Baths 5
Lot Size 0.477 Acres
Property Description
Exceptional Investment Opportunity! Discover this 8-plex nestled in one of Richmond's most sought-after areas, offering unmatched convenience for tenants. Just minutes from Eastern Kentucky University, Baptist Health, vibrant downtown Richmond, and with swift access to I-75, this location ensures high demand year-round.
The complex features a versatile mix of units:
• 5 spacious 2-bedroom, 1.5-bath units
• 2 charming 2-bedroom, 1-bath units
• 1 cozy 1-bedroom, 1-bath unit
Boasting a proven rental history and generating a robust $6,975 in monthly rental income, this property is a must-have addition to any investor's portfolio. Recent upgrades, including a new roof shingles and three beautifully remodeled units, enhance its appeal and ensure minimal upkeep. Step into a thriving market with this turn-key gem—a rare chance to capitalize on Richmond's ever-growing rental demand. Opportunities like this don't last long!
The complex features a versatile mix of units:
• 5 spacious 2-bedroom, 1.5-bath units
• 2 charming 2-bedroom, 1-bath units
• 1 cozy 1-bedroom, 1-bath unit
Boasting a proven rental history and generating a robust $6,975 in monthly rental income, this property is a must-have addition to any investor's portfolio. Recent upgrades, including a new roof shingles and three beautifully remodeled units, enhance its appeal and ensure minimal upkeep. Step into a thriving market with this turn-key gem—a rare chance to capitalize on Richmond's ever-growing rental demand. Opportunities like this don't last long!
Location
State KY
County Madison
Exterior
View Y/N N
Roof Type Shingle
Schools
Elementary Schools Kirksville
Middle Schools Madison Mid
High Schools Madison Central
School District Madison County - 8
Listed by RE/MAX Creative Realty