United StatesKentuckyRichmond221 South Porter Drive

221 South Porter Drive
221 South Porter Drive Richmond, Kentucky 40475 United States

$619,900
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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...

The Real Estate Co.

Listing Courtesy of The Real Estate Co.
13,068 Sq Ft.
Interior
.3 Acres
Exterior
Multi Family
Property type
1974
Year Built
20121034
Web Id
20121034
MLS ID
Commercial
Subdivision
Madison County
School District
28
days ago

About 221 South Porter Drive

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

Listing Courtesy of The Real Estate Co.

PROPERTY INFORMATION

Parking Description
11 - 20 Spaces
Listing Courtesy of The Real Estate Co.

The Real Estate Co.

Listing Courtesy of The Real Estate Co.
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