249 Evansdale Ave, Richmond, KY 40475

Description

Excellent investment opportunity featuring a portfolio of THREE PROPERTIES with FIVE total rental UNITS. The centerpiece of the portfolio is a duplex offering two spacious 3-bedroom, 1-bath units that are both currently rented, providing immediate and stable income. The duplex has seen major recent improvements, including a roof replacement in October 2023 (new shingles and some sheathing). Both HVAC systems have also been replaced in recent years—Unit #1 in June 2021 and Unit #2 in December 2024. Also included are two additional properties with smaller units. One property features a 2-bedroom, 1-bath unit, while another includes a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit with a 1-car garage. Two of these smaller units are currently rented, and one home is intentionally being kept vacant to allow for showings and to provide an owner-occupant opportunity if desired. The vacant unit was previously rented for $1,100 per month and could easily be leased again to add to the income stream. Select units throughout the portfolio have been recently updated with vinyl plank flooring and fresh interior paint. This is a strong opportunity to acquire an updated, income-producing portfolio with immediate cash flow and additional upside potential. Seller is a licensed real estate agent.