Turnkey Leased Duplex
For Sale
$289,900
1048 Merrick Drive, Richmond, KY 40475
MULTI_FAMILY - Richmond, KY
Property Size2,320 SF
Lot Size0.19 Acres
Price / SF$124.96
Days on Market49
Property Features for 1048 Merrick Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 4
Subdivision
Merrick Place
Elementary school
Daniel Boone
Middle school
Clark-Moores
High school
Madison Central
Elementary school district
Madison County - 8
Middle school district
Madison County - 8
High school district
Madison County - 8
Directions
US 421/25 to left on Merrick dr. Property on right
Standard status
Active
APN
0068-008D-0041
Size
2,320 SF
Lot size
0.19 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1999
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Chris M Johnson
(859) 382-9398
Added: Jun 19
Changed: Aug 3
Last Checked: Aug 6 at 9:06AM
MLS# 26014320
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Investment Insights
Based on property information with market context.
This duplex is offered as a turnkey income-producing property and is being sold as-is. Unit A features three bedrooms and 1.5 bathrooms, while Unit B also offers three bedrooms with 1.5 bathrooms. Both units are currently leased.
The property is located at 1048 Merrick Drive in Richmond, Kentucky, within Madison County (ZIP 40475). The listing includes a lot size of 0.1938 acres and total property size of 2,320 square feet.
The layout provides separate, multi-bedroom residential accommodations across two units, supporting continued occupied income at the time of sale.
The property is located at 1048 Merrick Drive in Richmond, Kentucky, within Madison County (ZIP 40475). The listing includes a lot size of 0.1938 acres and total property size of 2,320 square feet.
The layout provides separate, multi-bedroom residential accommodations across two units, supporting continued occupied income at the time of sale.
Key Highlights
- Duplex built in 1999 with electric heating and central air
- Unit A offers 3 bedrooms and 1.5 bathrooms
- Unit B offers 3 bedrooms and 1.5 bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 40475, KY
62,531
Population
28,118
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
287.3 sq mi
ZIP Area
218
Density / Sq Mi
$62,731
Median Household Income
$35,102
Median Earnings
$863
Median Rent
$232,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with two leased units, including two 3-bedroom layouts and 1.5 baths per unit.
Where is this duplex located?
The property is located at 1048 Merrick Drive Richmond, KY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Duplex built in 1999 with electric heating and central air; Unit A offers 3 bedrooms and 1.5 bathrooms; Unit B offers 3 bedrooms and 1.5 bathrooms
