328 Summit St, Richmond, KY 40475
- $964,900
- 15
- BD
- 14
- BA
- 4,496
- SqFt
- List Price
- $964,900
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 26026433
- Subtype
- Residential Income
- Year Built
- 1000
- Bedrooms
- 15
- Bathrooms
- 14
- Full Baths
- 14
- Living Area
- 4,496
- Lot Size
- 30,056
- Acres
- 0.69
- Neighborhood
- 008 - Madison County
- MLS Area Major
- 008 - Madison County
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.
Additional Information
- Heating
- Forced Air
- Air Conditioning
- Central Air
- School District
- Madison County - 8
- Elementary School
- Kit Carson
- Middle School
- Madison Mid
- High School
- Madison Central
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Listing courtesy of M Scott Peace of Lifstyl Real Estate.