$339,900/mo

727 River Drive, Irvine, KY 40336

  • 8 beds |
  • 5 baths |
  • 5,040 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1981
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $67/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Solid 4-Plex Investment - Concrete Construction, Great Location! 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!

Listing Status:
Active
Date Added:
June 23, 2025 at 05:00AM
Listing Office:
Joyce Marcum Realty : 859-624-0088
MLS ID:
25013332
  • A/C: Heat Pump
  • Heating: Forced Air
  • Parking: PavedParking spaces: 10
  • Roofing: Composition
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • School District: Estill County - 20
  • County: Estill
  • Zoning: 071-40-10-1015.01
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of Joyce Marcum Realty

Location

Schools Nearby

E

Estill Springs Elementary School

314 Main St, Irvine, KY, 40336

Grades KG-2

1.78 miles away

E

Estill County Success Academy

253 Main St, Irvine, KY, 40336

Grades 6-12

1.49 miles away

E

Estill County Success Academy

253 Main St, Irvine, KY, 40336

Grades 6-12

1.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.