16 Acre Richmond Flip

Asking $550,000.00 or best offer

Streamline Realty is representing Rapid Fire Investments who is selling their assignable purchase contract on the property below:

590 East Ridge Road, Richmond, Kentucky, 40475, United States
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To  get more info, set up a viewing, or submit an offer please contact Andy at 859-605-3273 or email [email protected] 

Details:

  • 5bd/3ba with 4032 sqft
  • Built in 1984
  • Owner Occupied
  • Closing on or before 01/24/25
  • Market Rent: $3,500.00
  • Current Rent: N/A
  • Several updates already done!
ARV is $800,000 based on the following comps:
  • 3509 Old Kentucky Highway 52 in Richmond, KY, 40475 is a renovated 5390 SqFt, 5 Bed / 5 Bath that sold for $800,000 on 8/7/2024 ($148.42 per SqFt)
  • 780 North Ridge Road in Richmond, KY, 40475 is a clean but outdated 4510 SqFt, 5 Bed / 3.5 Bath that is listed for $995,000 on 10/27/2024 ($220.62 per SqFt)
  • 909 Falling Waters Lane, in Richmond, KY 40475 is a renovated 4,859 SqFt 4 bed / 3.5 Bath that sold for $968,000 on 4/27/24 ($199.21 per SqFt)
 

Repairs:

 Roof: Aged, but no known issues

HVAC: 5 years old, works as should

Flooring: needs all new flooring

Kitchen: Updated 14 years ago

Bathroom: Master updated 14 years ago

Windows: New windows updated a few years ago

Foundation: No known issues

Other: garage gets some water when it rains hard
 

To  get more info, set up a viewing, or submit an offer please contact Andy at 859-605-3273 or email [email protected] 

These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!
 
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Acknowledgment of Risks: Visiting and inspecting properties may involve certain risks, including but not limited to injuries, damages, or harm caused by environmental conditions, structural conditions, other visitors, and pets/animals present on the property. Investors/attendees at inspections voluntarily assume all risks, both known and unknown, associated with property viewing, understanding that such activities may pose hazards including, but not limited to, physical injury, emotional distress, or property damage.

 
 

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Questions? I can Help!

Andy Klunder
Andy KlunderInvestment Sales Specialist
Don’t miss out! To submit an offer or schedule a viewing, contact me now at 502-490-2725