2021 Willow Dr, Richmond, KY 40475

Property Description

This solid two-story brick multifamily building offers a mix of spacious townhomes and efficient apartments, ideally located off Duncannon Road with quick access to I-75. It includes four townhomes with 2 bedrooms and 2.5 baths each, and four apartments with 2 bedrooms and 1 bath each, all designed for comfortable living with practical layouts. Interior features include flooring choices of tile, luxury vinyl plank (LVP), and carpet throughout, along with ceiling fans in living areas and bedrooms for added comfort. The roof was replaced in 2024, and four units are equipped with newer HVAC systems. Back porches and stairs have been recently updated, and underground utilities keep service clean and reliable. Tenants pay their own electric, with separate utility meters to streamline cash flow and reduce owner expenses. The location on Duncannon Road provides convenient access to I-75, and it's close to shopping, dining, and commuter routes. Investment highlights include strong density with a mix of 2-bedroom townhomes and 2-bedroom apartments, recent capital improvements (roof 2024, new HVAC units on four units, updated back porches and stairs), underground utilities, and separate electric meters that align with market practice and favorable expense tracking. This property offers a balanced, low-maintenance portfolio with modern updates, making it attractive to tenants and an efficient asset for an investor.