Price Reduction
Address
115 Northland Drive, Richmond, KY
Price
$ 399,000
Property Attributes
  • MLS#23023280
  • TypeMulti-Family
  • CountyMADISON
  • CityRichmond
  • Area008 - Madison County
  • NeighborhoodBluegrass Addn
  • Zip40475
  • StyleApartments,Duplex
  • Price$ 399,000
  • Bedrooms11
  • Full Bathrooms5
  • Half Bathrooms0
Data Source:
Bluegrass REALTORS®
Property Description

This 5-unit, tenant occupied property, now available for the first time, presents an excellent house hacking opportunity. The single-family home on the property has been thoughtfully converted into two apartments, featuring 2 bedrooms and 1 bath on the upper level and 1 BR and one Ba on the bottom floor. Additionally, the property includes a duplex with two separate 2BR/1BA units and a single-wide manufactured home with 3BR/1BA and a garage. Conveniently located right off the Eastern Bypass, this strategically positioned property offers easy commuting and access to everything Richmond has to offer and is minutes from Lake Reba. Generating a total monthly rent of $3,575, this investment not only provides financial returns but also offers the flexibility for a savvy investor to reduce living expenses through house hacking, living in a unit and renting the others out. Don't miss your chance - act now and schedule your viewing to explore the diverse potential of this Richmond, KY real estate gem!24-hour notice and proof of funds required to show property.

Elementary School Middle School High School
Daniel Boone Elementary School Clark-Moores Middle School Madison Central High School
Price History
12/8/2023 Listed $429,000
2/13/2024 4% - $414,000
2/28/2024 4% - $399,000

General Features

Heating Heat Pump,Natural Gas
Cooling Heat Pump
Possession Rental Agreement,Subject To Tenant Rights
Roof Composition
Parking 1 - 5 Spaces
# of Buildings Three
School District Madison County - 8
Subdivision Bluegrass Addn
County Madison
Tax Rate 0.01102
Property Type F
Area 008 - Madison County
Status Active
Year Built 9999
Directions From Richmond,head southwest on N 2nd toward Main St,Turn left onto W Main St,Left on Northland,property is on the right.
City Richmond
Geo Lat 37.735339
Street Name Northland
Water Water Connected
High School Madison Central
Elementary School Daniel Boone
Geo Lon -84.2743
Structure Type Apartments,Duplex,Other

Interior Features

Total Bedrooms 11
Total Baths 5.00
Full Baths 5
Unit Info: # of Units 5
Street Suffix Drive

Exterior Features

MLS Identifier 20180201170722572567000000
Lot Size Square Feet 0.00
Lot Size Acres 0.0000
Sewer Sewer Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 40475

Price
AVG $300K
$400K
Visits
AVG 102
54
Data Provided by Inside Real Estate®

Areas We Cover