727 River Drive Irvine, KY 40336
8 Beds
5 Baths
5,040 SqFt
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,040 sqft
Price per Sqft $67
Subdivision Downtown
MLS Listing ID 25013332
Bedrooms 8
Full Baths 4
Half Baths 1
Year Built 1981
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Apartment
Property Description
This 5,040 sq ft 2-story building features concrete block walls and concrete floors on both levels, ensuring quiet living and energy efficiency. It includes four large 2-bedroom, 1-bath units—one with an extra half bath. Each unit is all-electric with KY Utilities, Columbia Natural Gas, public water/sewer, and like-new HVAC systems. Roof is less than 5 years old. Concrete design + providers offering some of the lowest utility rates in the region help keep costs down. Prime location on KY HWY 52 with direct access and a dedicated turning lane—a major advantage for tenants and visitors alike. High visibility, easy entry, and steady traffic flow make this a standout multifamily investment.
Currently rents for $2,500/month with a projected income of $3,200/month ($800/unit), offering strong returns on a $349,900 investment. Tenants enjoy 2 parking spots each plus guest parking. Located on KY HWY 52 for easy commutes, near Ravenna Choo Choo Park, restaurants, and stores. Just 30 minutes to I-75 and Richmond, KY with Walmart, Lowe's, Menards, and EKU. A smart, low-maintenance addition to your rental portfolio!
Location
State KY
County Estill
Interior
Heating Forced Air
Cooling Heat Pump
Exterior
Parking Features Paved
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Composition
Handicap Access No
Private Pool No
Schools
Elementary Schools Estill Springs
Middle Schools Estill Co
High Schools Estill Co
Nearby Locations
- 4
West Irvine Elementary School
Public | 3 - 5
- 0
South Irvine Pk Center
Public | PK - KG
- 0
Estill Springs Elementary School
Public | 1 - 2
- 4
Estill County Middle School
Public | 6 - 8