404 Charles Claiborne Court A, Richmond, KY 40475
$1,650,000
Property Type:
Residential Income
Bedrooms:
35
Baths:
28
Square Footage:
17,318
Lot Size (sq. ft.):
217,800
Status:
Closed
Current Price:
$1,650,000
List Date:
11/27/2023
Last Modified:
8/29/2025
Listing Details MLS# 23022588
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Duplex
Status Change Information
- Status Change Timestamp
- 2024-02-26
- Purchase Contract Date
- 2023-12-09
- Close Date
- 2024-02-26
- Close Price
- 1650000
- Buyer Financing
- Other
- Sale Type
- Arms Length Sale
- Concessions Comments
- n/a
Address
- County
- Madison
- Street Number
- 404
- Street Name
- Charles Claiborne
- Street Suffix
- Court
- Unit Number
- A
- State
- KY
- Zip Code
- 40475
- Directions
- All over Madison Co. Please use google maps for all properties
- Parcel Number
- 054A-0005-0064
Contract
- Original List Price
- 1700000
- Start Showing Date
- 2023-11-27
- Listing Contract Date
- 2023-11-27
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Ridgeline Premier Properties
- Owner Phone
- 859-779-8964
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 340000
- List Price/SqFt
- 98.16
- Sold Price/Acre
- 330000
- Sold Price/SqFt
- 95.28
- SP/LP
- 0.97
Tax Legal
- MLS Area Major
- 008 - Madison County
- Subdivision Name
- Hillcrest
- High School District
- Madison County - 8
Interior
- Bedrooms Total
- 35
- Bathrooms Total
- 28
- Bathrooms Full
- 21
- Bathrooms Half
- 7
- Living Area
- 17318
More Information
Parking Information
- Parking Total
- 20
Building
- Year Built
- 9999
- Stories Total
- 2
Lot
- Lot Size Acres
- 5
- Lot Size Square Feet
- 217800
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
Remarks
- Public Remarks
- Attention investors! Here's your chance to snatch up a convenience bundle of homes and duplexes. Where can you find a bundle with two duplexes and 6 single family homes at this price? If sold individually, they would be over 1.85. These properties are owned and managed by Ridgeline Premier Properties LLC and have been maintained at the highest level since ownership. 100% Occupied with mostly long-term tenants. The Charles Claiborne properties were hit pretty hard with hail damage and are due to have the siding and gutters replaced any day. The colors will change to a brown and cream exterior vs what's there now. The roofs have already been replaced on both duplexes. The rental income that is being produced on this bundle is over 170,000 per year with room to increase rent. Don't miss out on this instant, ready-made, revenue producer to add to your portfolio! Give me a call today to schedule a showing. 48 hours' notice required, Proof of funds or pre-qualification letter also required before the properties will be shown. Buyers to satisfy sq footage, school districts, cap Rate, NOI, property taxes and condition. Sold AS-IS but inspections are welcome. OWNER/AGENT
Building and Property Details
- Building Expansion Potential YN
- No
- Lot Expansion Potential YN
- No
Income and Expenses
- Gross Income
- 170340
- Gross Scheduled Income
- 14195
- Maintenance Expense
- 1300
- Real Estate Taxes
- 13110
- Trash Expense
- 330
- Vacancy Allowance Rate
- 0
Tax & Legal
- Elementary School
- Glenn Marshall
- Middle Or Junior School
- Madison Mid
- High School
- Madison Central
- Tax Rate
- 0.011
- Zoning Description
- RES and
Association/Community
- Number Of Buildings
- 8
- Number Of Units Total
- 10
Cooling
- Electric
- Yes
- Heat Pump
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Composition
- Yes
- Shingle
- Yes
Structure Type
- Duplex
- Yes
- Other
- Yes
Documents
- Sellers Disclosure Of Property Condition
- Yes
Property Features
Utilities:
Electricity Connected; Electricity Connected
Cooling:
Electric; Heat Pump
Heating:
Electric; Heat Pump
Listing Terms:
1031 Exchange; Cash; Conventional
Possession:
Close Of Escrow; Subject To Tenant Rights
Roof:
Composition; Shingle
Structure Type:
Duplex; Other
Documents:
Sellers Disclosure Of Property Condition
Listing Office:
Keller Williams Legacy Group
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.