409 & 414 Turpin Drive, Richmond, KY 40475
(2) Four-Unit Apartment Buildings
$619,900
8 Units
409 & 414 Turpin Drive, Richmond, KY 40475
Each Unit 2 bed/1 bath
Market rent per unit: $950
Gross Market Rent for 8-Doors: $7,600
Total ARV: $760,000
Details:
409 Turpin Drive
ARV: $385,000
Current Rent:
Unit 1 - $850 - Month to Month
Unit 2 - $850 - Leased for Sec. 8
Unit 3 - $750 - Month to Month
Unit 4 - $1000 - Lease in place
Total Current Monthly Rent Roll: $3,450
Note: Eviction notices sent for Unit 1 & Unit 4 - possibility to be vacant at closing.
Market Rent:
Unit 1 - $950
Unit 2 - $950
Unit 3 - $950
Unit 4 - $950
Total Gross Market Rent: $3,800
414 Turpin Drive
ARV: $375,000
Current Rent:
Unit 1 - $800- Month to Month
Unit 2 - $750 - Month to Month
Unit 3 - $800 - Month to Month
Unit 4 - $850 - Lease in place
Total Current Monthly Rent Roll: $3,200
Note: Eviction notices sent for Unit 2 & Unit 4 - possibility to be vacant at closing.
Market Rent:
Unit 1 - $950
Unit 2 - $950
Unit 3 - $950
Unit 4 - $950
Total Gross Market Rent: $3,800
Property Notes: Each Building 3000 Square Ft.,Separately Metered Electrical, Owner pays water/garbage.
Value add opportunity
Funding available
For info, viewings, or offers,
Call/Text (859) 407-6245 or email dispo@ableman.co
Properties move fast—If you'd like to secure a property quickly, we accept sight-unseen, no-contingency cash offers.
$2,500 non-refundable deposit required for all buyers.
Realtors, add your fee and bring us a buyer!
