Active
312 North 3rd Street
Richmond KY, 40475
$505,000
$109.17 per sqft
Active
8 Beds
4 Baths
4,626 sqft
Other
Listed by Alyssa Ryan with Marshall Lane Real Estate - Lexington
Prime investment opportunity in the heart of Richmond! This historic property, built in 1893, features a 6-bedroom, 2-bathroom main house with endless potential. Located just minutes from downtown and EKU's campus, it's perfectly positioned for rental income. Behind the main house is a duplex with its own address at 314 Glyndon Avenue, offering two(2) 1-bedroom, 1-bathroom units.The property is non-conforming, allowing for residential or commercial use, making it ideal for creative investors. A portion of the main house was previously used as a salon, highlighting its adaptability. Recent updates to the main house include two heating and AC units replaced within the last 2-3 years and a roof that is approximately 5 years old. Consider transforming the property into college housing, a sorority or fraternity house, or maintaining it as a multi-unit rental. With its central location and income-generating potential, this property offers incredible opportunities for investors.
24024284
MLSⓇ ID
November 18, 2024
Listed
November 18, 2024
Updated
Map
312 North 3rd Street
Richmond KY, 40475
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
450 Acres
Roof
Shingle
School Information
High School
Madison Central
Elementary School
Kit Carson
Other Property Details
Area Name
008 - Madison County
Garage
No
Parking
1 - 5 Spaces, 6 - 10 Spaces
View
No
County
Madison
Pool
No
Zoning
Residential, non conforming
Listing Contact:
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Data last updated on 11/18/2024 at 11:12 PM UTC