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Richmond 3 Door Deal
Asking $175,000 or best offer for ALL 3 PROPERTIES. We are selling our assignable purchase contract on the properties below. All properties are adjacent to each other. 525 North Hill Street and 533 North Hill Street (2 houses), Richmond, KY, 40475 To make an offer or schedule a showing, please contact Andy Klunder at (859) 605-3273 or email at andy@rapidfireinvestments.com |
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525 North Hill Street
Details:
- 3 BR/ 2 BA with 1702 sqft
- Occupancy: Vacant
- Current Rent: NA
- Market Rent: $1790
- Closing on or before: 12/12/2025
- This is the largest of the 3 houses in the set. Deeded seperately from the other two.
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ARV is $205,000 based on the following comps:
- 335 North Madison Avenue in Richmond, KY, 40475 is a renovated 1920 SqFt, 3 Bed / 2 Bath that sold for $211,000 on 10/3/2025 ($109.9 per SqFt)
- 319 Moberly Avenue in Richmond, KY, 40475 is a renovated 1170 SqFt, 3 Bed / 1 Bath that sold for $201,500 on 7/10/2025 ($172.22 per SqFt)
- 108 Central Court in Richmond, KY, 40475 is a renovated 3 Bed / 2 Bath that sold for $205,000 on 6/20/2025 ($165.85 per SqFt)
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Repairs:
Roof: New metal roof
HVAC: Needs installed
Flooring: Replace all
Kitchen: Replace and update
Bathroom: Complete update
Windows: Need replaced
Foundation: No known issues, buyer due diligence
Other: Full reno project needed
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533 North Hill Street
Details:
- 2 houses deeded to same parcel
- Main house is 3/1 with 1400sf
- ADU is a 1/1 with approximately 750sf
- Occupancy: Vacant
- Market Rent: $1630 + $750 = $2380/month
- Current Rent: NA
- Closing on or before 12/12/2025
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ARV is $250,000 based on the following comps:
- 319 Moberly Avenue in Richmond, KY, 40475 is a renovated 1170 SqFt, 3 Bed / 1 Bath that sold for $201,500 on 7/10/2025 ($172.22 per SqFt)
- 315 Francis Street in Richmond, KY, 40475 is an AS-IS 1080 SqFt, 3 Bed / 1 Bath that sold for $155,000 on 4/24/2025 ($143.51 per SqFt)
- 700 Fairview Court in Richmond, KY, 40475 is a renovated 1008 SqFt, 3 Bed / 1 Bath that sold for $180,000 on 1/15/2025 ($178.57 per SqFt)
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Repairs:
Roof: Main House good / ADU needs replaced
HVAC: Needs installed
Flooring: Replace all
Kitchen: Replace and update
Bathroom: Complete update
Windows: Need replaced
Foundation: No Known issue, buyer due diligence
Other: Full rehab project needed
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