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303 McDougal Avenue, Richmond, KY 303 McDougal Ave

4 Unit Block of Flats £492,281 (£123,070/Unit) Richmond, KY 40475

Investment Highlights

  • Large clean rooms with ample closets and storage space, all appliances, four parking spaces in drive way per unit, close to shopping, and EKU

Executive Summary

Excellent Investment Opportunity, large spacious rooms and closets, three levels, two 4- bedroom, two 3- bedroom townhouse style apartments, 2024 rents are currently $925 per month per unit. No Smoking, no pets. Building is approximately 68 x 29 ft w/approximately total 5916 sq ft on three levels with approximately 1,479 sq ft finished living space per unit, all sq footage is approximate and not warranted. Buyer to determine sq ft to satisfaction prior to closing. New roof 9/20/2022. All four heat pumps replaced as needed. Tenant pays utilities, owner pays for garbage pick up, landscaping, insurance, and taxes. All appliances are included and are in working condition. Close to shopping Center, restaurants, banking, gas stations, the interstate, and EKU.

Property Facts

Price £492,281
Price Per Unit £123,070
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 4
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Size 5,916 SF
Average Occupancy 100%
Number of Floors 3
Year Built 1994
Parking Ratio 2.03/1,000 SF
Opportunity Zone Yes

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Storage Space
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Deck
  • Handrails
  • Linen Cupboard
  • Porch
  • Smoke Free
  • Window Coverings

Site Amenities

  • Smoke Free
  • Rubbish Collection - Kerbside

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
4+1.5 2 £759.57 1,479
3+1.5 2 £759.57 1,479

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R002-0014-0036
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£154,295
  • Listing ID: 25144601

  • Date on Market: 28/02/2022

  • Last Updated:

  • Address: 303 McDougal Ave, Richmond, KY 40475

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