403 Turpin Dr, Richmond, KY 40475

Description

Income producing 4-plex in good condition. It's hard to find a 4-plex now under $300,000 but this is it. Updates include soffitt/fascia board (2023), unit 1 wall HVAC unit (2023), unit 1 carpet and vinyl (2023), unit 2 water heater (2023), unit 2 wall HVAC unit (2023), unit 4 wall HVAC unit (2021), unit 4 vinyl (2023), unit 4 carpet (2025). Total rents are $2805/mo with 4 tenants occupying it. Mostly long term tenants. Landlord pays electricity (2 meters for 4plex) and water (1 meter for 4 plex). Average monthly bill for those is around $550/mo. Unit 1 pays $680 (month to month---been there 6 years). Unit 2 pays $695 (month to month--been there over a year). Unit 3 pays $705 (month to month--been there 9 years). Unit 4 pays $725 (section 8, month to month--been there over 5 years).