312 North 3rd Street Richmond, KY 40475
Other Residential
MLS #: 24024284
Courtesy Of Marshall Lane Real Estate - Lexington
$505,000
8 beds
|
4 baths
|
4,626 sq ft
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Estimated monthly payments:
$2,208/mo.* (recalculate)
Property InformationDescription
Prime investment opportunity in the heart of Richmond! This historic property, built in 1893, features a 6-bedroom, 2-bathroom main house with endless potential. Located just minutes from downtown and EKU's campus, it's perfectly positioned for rental income. Behind the main house is a duplex with its own address at 314 Glyndon Avenue, offering two(2) 1-bedroom, 1-bathroom units.
The property is non-conforming, allowing for residential or commercial use, making it ideal for creative investors. A portion of the main house was previously used as a salon, highlighting its adaptability. Recent updates to the main house include two heating and AC units replaced within the last 2-3 years and a roof that is approximately 5 years old. Consider transforming the property into college housing, a sorority or fraternity house, or maintaining it as a multi-unit rental. With its central location and income-generating potential, this property offers incredible opportunities for investors.
The property is non-conforming, allowing for residential or commercial use, making it ideal for creative investors. A portion of the main house was previously used as a salon, highlighting its adaptability. Recent updates to the main house include two heating and AC units replaced within the last 2-3 years and a roof that is approximately 5 years old. Consider transforming the property into college housing, a sorority or fraternity house, or maintaining it as a multi-unit rental. With its central location and income-generating potential, this property offers incredible opportunities for investors.
Features
- Amenities: Dock
- Architecture Style: Other
- Lot Size: 450 Acres
MAP & DIRECTIONS
School Information
312 North 3rd Street, Richmond, KY 40475
Elementary School
Grades PK-KG |
Public School
MADISON KINDERGARTEN ACADEMY
Richmond, KY 40475
300 Bond St
859.625.6050
Distance: 1.0 mi
Student:Teacher Ratio
15:1
Total Students
360
Elementary School
Grades 1-5 |
Public School
KIT CARSON ELEMENTARY SCHOOL
Richmond, KY 40475
450 Tates Creek Rd
859.625.6103
Distance: 1.0 mi
School Rating
B
Student:Teacher Ratio
14:1
Total Students
425
Middle School
Grades 6-8 |
Public School
MADISON MIDDLE SCHOOL
Richmond, KY 40475
101 Summit St
859.387.4200
Distance: 0.4 mi
School Rating
B-
Student:Teacher Ratio
20:1
Total Students
661
High School
Grades 9-12 |
Public School
MADISON CENTRAL HIGH SCHOOL
Richmond, KY 40475
705 N 2nd St
859.625.6109
Distance: 0.5 mi
School Rating
B
Student:Teacher Ratio
20:1
Total Students
2149
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| St Mark Catholic School | 0.4 mi | Private | PK-5 | |
| Madison County Area Technology Center | 0.4 mi | Public | 8-12 | |
| Madison County Day Treatment | 0.5 mi | Public | 6-12 | |
| Bellevue Transitional School | 0.5 mi | Public | 6-12 | |
| Daniel Boone Elementary School | 0.5 mi | Public | 1-5 | C+ |
| Lafontaine Preparatory School | 1.5 mi | Private | PK-5 | |
| Glenn Marshall Elementary School | 1.6 mi | Public | 1-5 | B+ |
| B. Michael Caudill Middle School | 1.7 mi | Public | 6-8 | B |
| Clark Moores Middle School | 2.0 mi | Public | 6-8 | C- |
| White Hall Elementary School | 2.4 mi | Public | 1-5 | B- |
| Kirksville Elementary School | 5.1 mi | Public | PK-5 | B |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Richmond, KY 40475
| Median Age: | 36.8 |
|---|---|
| Married: | 48% |
| Number of Households: | 26,648 |
| Households with Children: | 26.9% |
Richmond, KY 40475
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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