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$ 964,900
Active
328 Summit Street Richmond, KY 40475
15 Beds
14 Baths
4,496 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,496 sqft
Price per Sqft $214
MLS Listing ID 26026433
Bedrooms 15
Full Baths 14
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Apartment
Property Description
Exceptional investment opportunity directly adjacent to Eastern Kentucky University! 324 & 328 Summit Street offer 9 rental units across two buildings, currently generating $9,700 per month / $116,400 annually. The front building consists of 4 units, including a 6-bedroom, 5-bath residence and three 1-bedroom, 1-bath apartments. The back building consists of 5 units, including one 2-bedroom, 2-bath apartment and four 1-bedroom, 1-bath apartments. The property also features a common-area laundry room and large basement, along with individual electric water heaters and three new HVAC systems in the 328 building. Excellent opportunity to acquire a strong income-producing multifamily property in a prime Richmond location. Rent roll and financial statements are available under Documents in Flex.
Location
State KY
County Madison
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N N
Handicap Access No
Private Pool No
Schools
Elementary Schools Kit Carson
Middle Schools Madison Mid
High Schools Madison Central
Listed by Lifstyl Real Estate
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