$280,000
$329,900
15.1%For more information regarding the value of a property, please contact us for a free consultation.
727 River Drive Irvine, KY 40336
8 Beds
5 Baths
5,040 SqFt
Key Details
Sold Price $280,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $55
Subdivision Downtown
MLS Listing ID 25013332
Sold Date 06/08/26
Bedrooms 8
Full Baths 4
Half Baths 1
Year Built 1981
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Apartment
Property Description
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 commutes, near Ravenna Choo Choo Park, restaurants, and stores. Just 30 minutes to I-75 and Richmond, KY with Walmart, Lowe's, Menards, and EKU. A smart, low-maintenance addition to your rental portfolio!
Location
State KY
County Estill
Interior
Heating Forced Air
Cooling Heat Pump
Exterior
Parking Features Paved
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Composition
Handicap Access No
Private Pool No
Building
New Construction No
Schools
Elementary Schools Estill Springs
Middle Schools Estill Co
High Schools Estill Co
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP







