306 Spangler Drive, Richmond, KY 40475
Property Type:
Residential Income
Bedrooms:
15
Baths:
13
Lot Size (sq. ft.):
20,769
Status:
Closed
Current Price:
$850,000
List Date:
3/28/2025
Last Modified:
9/11/2025
Overview
Description
Exceptional Investment Opportunity! Discover this 8-plex nestled in one of Richmond's most sought-after areas, offering unmatched convenience for tenants. Just minutes from Eastern Kentucky University, Baptist Health, vibrant downtown Richmond, and with swift access to I-75, this location ensures high demand year-round.
The complex features a versatile mix of units:
• 5 spacious 2-bedroom, 1.5-bath units
• 2 charming 2-bedroom, 1-bath units
• 1 cozy 1-bedroom, 1-bath unit
Boasting a proven rental history and generating a robust $6,975 in monthly rental income, this property is a must-have addition to any investor's portfolio. Recent upgrades, including a new roof shingles and three beautifully remodeled units, enhance its appeal and ensure minimal upkeep. Step into a thriving market with this turn-key gem—a rare chance to capitalize on Richmond's ever-growing rental demand. Opportunities like this don't last long!
Listing Details MLS# 25006032
Listing Office:
RE/MAX Creative Realty
Last Updated: September - 11 - 2025
Information deemed reliable but not guaranteed.