1516 E Irvine St, Richmond, KY 40475

$2,275,000
31
BD
29
BA
8,956
SqFt

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List Price
$2,275,000
MLS#
26031217
Status
ACTIVE
Type
Multifamily
Subtype
Apartment
Bedrooms
31
Bathrooms
29
Full Baths
29
Living Area
8,956
Lot Size
23,356

Property Description

Don't miss this exceptional opportunity to own a portfolio of 29 rental units in the heart of Richmond, Kentucky! The portfolio consists of two conveniently located properties. The first property, located at 1516 E. Irvine Street, features 21 ground level rental units, including 20 one-bedroom units and one two-bedroom unit. The second property, located at 702 and 704 N. 3rd Street, offers an additional 8 rental units, consisting of four one-bedroom units and four two-bedroom units. These properties offer an excellent opportunity for investors looking to expand their rental portfolio in a desirable rental market. With strong rental demand, consistently high occupancy, and established long-term tenants, this portfolio offers an opportunity to acquire multiple income producing units in one investment. Whether you're an experienced investor looking to grow your portfolio or someone seeking a substantial real estate investment, this is an opportunity worth exploring!

Additional Information

Roof
Shingle
Zoning
B-3
Elementary School
Daniel Boone
Middle School
Clark-Moores
High School
Madison Central

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Listing courtesy of ERA Select Real Estate.