$525,000/mo

240 Susan Drive, Richmond, KY 40475

  • 12 beds |
  • 5 baths |
  • 4,920 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1990
  • Property Lot Size Icon0.49acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $107/sqft
  • Property List Date Icon Listed 21 days ago

Property Description

Excellent Investment Opportunity in Richmond! This 5-Unit Apartment Building (Three 2BR, 1BA Units and Two 3BR, 1BA Units. Four Units Have Their Own Detached Storage Unit) at 240 Susan Drive Offers Strong Potential for Increased Income ? Current Leases are Under Market Value, Presenting an Immediate Value-Add Opportunity for Savvy Investors. Conveniently Located Near Shopping, Dining, and Eastern Kentucky University, this Well-Maintained Property Provides Consistent Occupancy and Solid Rental History. With Updated Rents, this Property Could Deliver Impressive Returns in Richmond's Growing Rental Market.

Listing Status:
Active
Date Added:
November 17, 2025 at 06:00AM
Listing Office:
The Real Estate Co. : 859-979-1508
MLS ID:
25506308
  • Laundry: Electric Dryer HookupWasher Hookup
  • A/C: Central AirElectricHeat Pump
  • Heating: ElectricForced AirHeat PumpNatural Gas
  • Parking: On SitePavedOpenParking spaces: 9
  • Roofing: Shingle
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • School District: Madison County - 8
  • County: Madison
  • Zoning: Other054A-0002-0016
  • Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer Not AvailableWater Connected
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of The Real Estate Co.

Location

Schools Nearby

G

Glenn Marshall Elementary School

1442 Robert R Martin Bypass, Richmond, KY, 40475

Grades 1-5

0.44 miles away

B

B. Michael Caudill Middle School

1428 Robert R Martin Bypass, Richmond, KY, 40475

Grades 6-8

0.47 miles away

M

Madison Central High School

705 N 2nd St, Richmond, KY, 40475

Grades 9-12

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.