Details:

• 15bd/5ba with approx. 4500 sqft
• Tenant Occupied, All tenants are month to month
• Closing on or before 10/17/24
• Market Rent: $4,500.00
• Current Rent: $2,250.00
• 5 units total / 3 houses together

ARV is $450,000 based on the following comps:

• 217 E Street in Richmond, KY, 40475 is a as is, not renovated 2400 SqFt, 7 Bed / 4 Bath that sold for $245,000 on 4/5/2024 ($102.08 per SqFt)
• 217 E Street in Richmond, KY, 40475 is a as is, not renovated 3040 SqFt, 7 Bed / 4 Bath that sold for $245,000 on 4/5/2024 ($80.59 per SqFt)
• 2 Wellington Court in Richmond, KY, 40475 is a renovated 3795 SqFt, 7 Bed / 4 Bath that sold for $369,000 on 7/9/2024 ($97.23 per SqFt)

Repairs:

 Roof: one roof is fine the other 2 need replacing

HVAC: window units and baseboard heat

Flooring: Mostly ok, rental grade

Kitchen: Various conditions, needs updating / rehab

Bathroom: Need rehab on most

Windows: Could be replaced

Foundation: No known issues

Other: Needs rehab to bring full market rents

These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!