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221 S Porter Drive

Richmond, KY 40475
  • $619,900
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 20121034
Price Reduced
UPDATED: 28 min ago
$619,900
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1974
County:

School Ratings & Info

Description

INVESTORS DREAM AND GREAT LOCATION. Over 8% cap rate, cash on cash ROI is over 23% monthly. Property was bought with intentions to keep but selling due to larger portfolio acquisitions at this time. 9 units, great tenants, TONS of updates and repairs made to the property. (see updates sheet on rent roll) Property has some VALUE AD options left as rents could be increased in the next 6 months. All brick, most all plumbing converted to PVC, water saving fixtures installed, large parking lot and great location. Many units boast new floors, paint, fixtures, cabinets, and much more! Hurry! With this ROI, this property will not sit long! Call today - schedule showings - need 48 hours to see occupied units. Owner agent

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
www.laneteamky.com/homes/121879047
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221 S Porter Drive Richmond, KY 40475

  • Price: $619,900
  • Status: Active
  • Updated: 28 min ago
  • MLS #: 20121034
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1974
Built
Neighborhood:
Commercial
County:
Madison
Area:
Madison County
Property Description
INVESTORS DREAM AND GREAT LOCATION. Over 8% cap rate, cash on cash ROI is over 23% monthly. Property was bought with intentions to keep but selling due to larger portfolio acquisitions at this time. 9 units, great tenants, TONS of updates and repairs made to the property. (see updates sheet on rent roll) Property has some VALUE AD options left as rents could be increased in the next 6 months. All brick, most all plumbing converted to PVC, water saving fixtures installed, large parking lot and great location. Many units boast new floors, paint, fixtures, cabinets, and much more! Hurry! With this ROI, this property will not sit long! Call today - schedule showings - need 48 hours to see occupied units. Owner agent
Exterior Features

Parking 11 - 20 Spaces Stories Three Structure Type Other

Property Features

Current Zoning Commercial Intermediate School Not Applicable Number Of Vacant Units 1 Possession Close Of EscrowNegotiable

Listing provided courtesy of Kim Caywood of The Real Estate Co.. Listing information © 2021 LBAR Multiple Listing Service. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
 
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The Lane Team | Bluegrass Sotheby's International Realty
1999 Richmond Rd., Ste. 400
Lexington KY, 40502