727 River Dr - Apartments FOR SALE


Irvine, KY 40336
$349,900 USD
859-358-0691
727 River Dr, Irvine, KY for Sale
$349,900 USD
Apartments - FOR SALE
1/16
null | 11% Cap Rate

727 River Dr
Irvine, KY 40336


HIGHLIGHTS

  • Concrete floors on the second level.
  • On KY HWY 52 with deticated turning lane
  • Concrete block walls

OVERVIEW

Solid 4-Plex Investment - Concrete Construction, Great Location! This 5,040 sq ft 2-story building features concrete block walls and concrete floors on both levels, ensuring quiet living and energy efficiency. It includes four large 2-bedroom, 1-bath units—one with an extra half bath. Each unit is all-electric with KY Utilities, Columbia Natural Gas, public water/sewer, and like-new HVAC systems. Roof is less than 5 years old. Concrete design + providers offering some of the lowest utility rates in the region help keep costs down. Prime location on KY HWY 52 with direct access and a dedicated turning lane—a major advantage for tenants and visitors alike. High visibility, easy entry, and steady traffic flow make this a standout multifamily investment. Currently rents for $2,500/month with a projected income of $3,200/month ($800/unit), offering strong returns on a $349,900 investment. Tenants enjoy 2 parking spots each plus guest parking. Located on KY HWY 52 for easy commute.

FOR SALE DETAILS

PRICE

$349,900 USD

PRICE/SF

$69 USD /SF

# OF UNITS

4

PRICE/UNIT

$87,475

CAP RATE

11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

8

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

071-40-10-015.01

ASK ABOUT THIS PROPERTY

James WooleryJoyce Marcum RealtyMore Info
859-358-0691

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James WooleryJoyce Marcum RealtyMore Info
859-358-0691

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.