Share This Listing

Message

926 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

303 McDougal Avenue, Richmond, KY 303 McDougal Ave 4 Unit Apartment Building $599,500 ($149,875/Unit) Richmond, KY 40475

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Large clean rooms with ample closets and storage space, all appliances, four parking spaces in drive way per unit, close to shopping, and EKU

EXECUTIVE SUMMARY

Excellent Investment Opportunity, large spacious rooms and closets, three levels, two 4- bedroom, two 3- bedroom townhouse style apartments, 2025 rents are $995 per month per unit. No Smoking, no pets. Building is approximately 68 x 29 ft w/approximately total 5916 sq ft on three levels with approximately 1,479 sq ft finished living space per unit, all sq footage is approximate and not warranted. Buyer to determine sq ft to satisfaction prior to closing. New roof 9/20/2022. All four heat pumps replaced as needed. New heat pump, Apt 2 on 4/2/25 . Tenant pays utilities, owner pays for garbage pick up, landscaping, insurance, and taxes. All appliances are included and are in working condition. Close to shopping Center, restaurants, banking, gas stations, the interstate, and EKU.

PROPERTY FACTS

Price $599,500
Price Per Unit $149,875
Sale Type Investment
Sale Condition 1031 Exchange
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Lot Size 0.25 AC
Building Size 5,916 SF
Average Occupancy 100%
No. Stories 3
Year Built 1994
Parking Ratio 2.03/1,000 SF
Opportunity Zone Yes

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Storage Space
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Deck
  • Handrails
  • Linen Closet
  • Porch
  • Smoke Free
  • Window Coverings

SITE AMENITIES

  • Smoke Free
  • Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
4+1.5 2 $995.00 1,479
3+1.5 2 $995.00 1,479

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R002-0014-0036
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$187,900
  • Listing ID: 25144601

  • Date on Market: 2/28/2022

  • Last Updated:

  • Address: 303 McDougal Ave, Richmond, KY 40475

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}