Property profile

1352 Lake Jericho Rd Smithfield, KY 40068

OFF-MARKET
Mixed-use properties
Property ID
US34-1006525
1,754 SF Built 1950
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional mixed-use property, located at 1352 Lake Jericho Rd in Smithfield, Kentucky, presents a unique investment opportunity. Situated on 1.088 acres with 506.60 feet of road frontage (survey available), this property boasts a 1,754 square foot, one-story home built in 1950 and renovated in 2010. The main house features a charming front porch, 2-3 bedrooms, 2 full bathrooms, and 2 family rooms. A remodeled kitchen opens to the family room. The lower level, accessible via a walk-up entrance with a full roof, includes a laundry room, a third bedroom, and a second family room. County restrictions only apply to the zoning, making it ideal for a variety of uses. A substantial outbuilding (1,582.2 sq ft) includes a full garage and three separate areas suitable for a shop, storage, or office space. Additional features include a dog run, partial fencing, and an improved septic system. The property is currently occupied, with the tenant vacating November 8th. Interior photos will be available after this date. An appraisal sketch, survey, exterior photos, and seller disclosures are available for detailed review. This property offers convenient access to La Grange, Newcastle, Louisville, and Lexington. The property's total square footage is 1,709 sq ft (854.7 sq ft on the main floor and 854.7 sq ft in the walk-up lower level). The outbuilding adds another 1,582.2 sq ft, including a 695.04 sq ft garage. A covered lean-to and chain-link fenced dog run are also present. Utilities are to be verified by the buyer. The asking price is $270,000.

Property profile

Verified
Property type Mixed-use properties
Year built 1950
Total area 1,754 SF
UPID US34-1006525

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1352 Lake Jericho Rd Smithfield, KY 40068
Smithfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1352 Lake Jericho Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message