Almost always rented! Rare opportunity to own this duplex on Lancaster Road. Super close to campus, shopping, downtown, I-75 and many other arterial roads! Great investment property or starter home! Allow the tenant next door to offset your mortgage payments! Excellent value with a quick return! It wont last! side A has 3 bedrooms and 2 baths. Side B has 2 beds, 2 baths. 3 garage spaces total. Unit B is vacant. Unit A is occupied by long term renter.
This well-maintained, fully leased, 6-plex multifamily property in Richmond, KY, presents an outstanding opportunity for investors looking to expand their portfolio. Recent upgrades include replacing shingles in 2023, ensuring long-term protection and peace of mind. The property has also seen significant interior improvements, including brand-new LVP flooring, fresh paint throughout, and the installation of new appliances in each unit, providing a modern, move-in-ready experience for tenants. The exterior of the building has been enhanced with a seal-coated, freshly painted parking lot and new landscaping, adding to the property's curb appeal and functionality. Additionally, a professional basement waterproofing system has been installed, protecting the structure and offering added value for years to come. This property is an ideal addition for investors seeking steady rental income with minimal deferred maintenance. With these recent upgrades, you can confidently take ownership and watch your investment thrive. Don't miss out on this prime multifamily opportunity!
Duplex in a well established neighborhood---so close to all amenities---just minutes from EKU bypass and I 75 exit 90...all brick--2 bedroom, 1 bath on each side...nice flat back lawn...one side rents for $950 monthly and has a 1 yr lease....the other unit has long term renters that have been there--and are on a month to month lease--paying $850
Great rental income. If you are looking for that investment property that really gives you a return, this is it! With $1,495 rental income from the 4 bedroom side, it already pays for itself. That gives you another unit to either owner occupy or lease for more income. Don't Close to downtown and only minutes from EKU, this property is perfectly located for convenience.
Duplex including large 572 SQ. garage space, screened sunroom porches both are 284 SQ. and office space(upper level) is now available in a GREAT LOCATION!! This duplex is just off exit 90 in Richmond making this a pleasing option for Lexington commuters. Each side features Two beds/One bath and One half bath, laminate flooring and is move in ready. Be the first to reach out and see this today!
**Charming Duplex in Richmond, KY - Perfect for Investors!** Discover the potential of this well-maintained duplex offering two spacious 2-bedroom, 1-bath units, with both units currently occupied. Each unit features handicap accessibility, ensuring convenience for all residents. Situated in a friendly neighborhood, this property provides easy access to downtown Richmond, local amenities, schools, and parks. Don't miss out on this unique offering in Richmond!
The median home value in Richmond, KY is $290,000. This is higher than the county median home value of $216,800. The national median home value is $338,100. The average price of homes sold in Richmond, KY is $290,000. Approximately 32.64% of Richmond homes are owned, compared to 57.01% rented, while 10.35% are vacant. Richmond real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Richmond real estate agent to arrange a tour today!
Richmond, Kentucky has a population of 34,662. Richmond is less family-centric than the surrounding county with 26.39% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Richmond, Kentucky is $40,221. The median household income for the surrounding county is $55,002 compared to the national median of $69,021. The median age of people living in Richmond is 26.3 years.
The average high temperature in July is 86.2 degrees, with an average low temperature in January of 24.1 degrees. The average rainfall is approximately 46.3 inches per year, with 7.5 inches of snow per year.