KY
Madison
Richmond
40475
240 Susan Drive
240 Susan Drive, Richmond, KY 40475
Share Listing
Listing Type
Condo/Townhome
Listing Status
Active
78
$500,000

Home Details for 240 Susan Drive

Price
$500,000
Type
Residential Income
Bedrooms
12
Bathrooms
5.0
Square feet
4920
Year built
1990
Lot size acres
0.49
County
Madison
Garage
Days on site
104
MLS Listing#
25506308
Property Description

Excellent Investment Opportunity in Richmond—Now at a Reduced Price! This 5 Unit Apartment Building (Three 2BR, 1BA Units and Two 3BR, 1BA Units; Four Units Have Their Own Detached Storage Unit) at 240 Susan Drive now offers even greater value with a recent price reduction. Strong potential for increased income remains—current leases are under market value, presenting an immediate value add opportunity for savvy investors. Conveniently located near shopping, dining, and Eastern Kentucky University, this well maintained property provides consistent occupancy and a solid rental history. With updated rents and the new, lower price, this property could deliver impressive returns in Richmond's growing rental market.

Property Features
  • Utilities
    • Cable Available
    • Electricity Connected
    • Natural Gas Connected
    • Phone Available
    • Sewer Not Available
    • Water Connected
  • Heating Information
    • Electric
    • Forced Air
    • Heat Pump
    • Natural Gas
  • Cooling Information
    • Central Air
    • Electric
    • Heat Pump
  • Parking
    • On Site
    • Paved
    • Open
School Information
School Information for 240 Susan Drive, Richmond, KY 40475
Elementary School
Glenn Marshall
Middle School
Michael Caudill
High School
Madison Central
Listing Courtesy: The Real Estate Co. - 859-979-1508
Lexington-Bluegrass Association of Realtors logo The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Bluegrass REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by IDX brokerage firms other than EXIT Realty, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX brokers. Information deemed reliable but not guaranteed. Copyright ©2026 Bluegrass REALTORS®. All Rights Reserved.
Last Updated: 2026-01-22 14:38:07
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Lexington-Bluegrass Association of Realtors.
EXIT REALTY CRUTCHER
502A Saffell St. , Lawrenceburg, KY 40342
John Rennels
License #: 75712
Sales Representative
Office
502 839 9822
Agent
502 598 8378
Request more details
Code: