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978 Villa Drive Richmond KY 40475

$ 390,000.00

100% OCCUPIED FIVE PLEX. FINANCIALS IN MORE INFO. SELLER INVESTED $100K+/- IN UPGRADES INCLUDING ADDING 4 1/2 BATHS , SEWER CLEAN OUT, ELECTRIC UPGRADES AND PANEL. CALL TO SEE. NO EMPTY APARTMENTS. TENNANTS PAY ALL UTILITIES. OWNER PAYS TRASH. CARPETED STAIRWAYS FOR SAFETY. PUT SEWER CLEAN OUT ACCESSIBLE TO STREET. CASH OFFERS REQUIRE POF BEFORE OFFERS ARE SIGNED BY SELLER.

Basic Facts

MLS #: 23008661 Date added: 05/12/23 Type: Status:
Bedrooms: 10 Bathrooms: 9 Full Baths: 5 Half Baths: 4
Area: 4160.00 sq ft Lot size: 0.3400 acres Year built: 9999 Post Updated: 2023-05-15 20:00:28
Unit Info: Vacancy %: 5.00

Rooms&Units Description

Unit Info: # of Units: 5

Location Details

County: Madison Madison
Area Desc: 008 - Madison County
Directions: Eastern Bypass right on Commercial Drive then right on Spanish Grove to Villa Drive
School District: Madison County - 8
Elementary School: Daniel Boone
Intermediate School: Not Applicable
Middle or Junior School: Clark-Moores
High School: Madison Central

Property Details

Lot Front Footage: 100
Lot Depth: 150
Subdivision: Southern Hills
Number of Buildings: One
Number of Stories: Two
Possession: Close Of Escrow,Landlord,Subject To Tenant Rights

Property Features

Roof: Composition
Cooling: Electric,Heat Pump
Heating: Heat Pump
Parking: 11 - 20 Spaces,On Site,Paved
Sprinklers: None
Utilities: Electricity: Electricity Connected
Utilities: Sewer: Sewer Connected
Utilities: Water: Water Connected

Miscellaneous

Financial Info: Gross Scheduled Rental Income: 39420
Financial Info: Total Gross Income: 31025
Financial Info: Credit & Vacancy Losses: 6100
Financial Info: Gross Operating Income: 31025
Financial Info: Net Operating Income: 19415
Financial Info: Cash Flow Before Tax: 21039
Financial Info: Accounting, Legal, and Collections: 583
Financial Info: Advertising License & Permit: 15
Financial Info: Property Insurance: 3900
Financial Info: Real Estate Taxes: 1623
Financial Info: Repairs & Maintenance: 56416
Financial Info: Rubbish Services: 1900

Courtesy of

Office Name: RE/MAX Unlimited
Office ID: 20180519171535642878000000

Stephen West

  • Company: Kentucky Prime Realty, LLC

Disclaimer

The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification. All measures are approximate.

This is located at 978 Villa Drive Richmond KY 40475, is categorized under , and has been listed on KY Prime Realty. This property is listed at $ 390,000.00. It has 10 beds bedrooms, 9 baths bathrooms, and is 4160.00 sq ft. The property was built in 9999.