KY
Madison
Richmond
40475
159-181 Miller Drive
159-181 Miller Drive, Richmond, KY 40475
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Listing Type
Condo/Townhome
Listing Status
Active
16
$1,899,900

Home Details for 159-181 Miller Drive

Price
$1,899,900
Type
Residential Income
Bedrooms
30
Bathrooms
18.0
Square feet
5466
Lot size acres
0.775
County
Madison
Garage
Days on site
0
MLS Listing#
26002268
Property Description

Exceptional 18-unit investment opportunity in the heart of Richmond. This well-maintained apartment complex consists of two buildings (side by side) and offers strong cash flow, no deferred maintenance, and easy management thanks to extensive recent upgrades throughout the property. Major improvements include a new dimensional shingle roof (2023), LVP flooring throughout most units, updated electrical and plumbing, fresh interior paint in all units, multiple HVAC unit replacements, and decking boards replaced and painted for long-term durability. The parking lot has been recently seal-coated and striped, providing clean, organized parking for tenants and guests. The property is uniquely positioned in a private, rural-feeling setting while being just minutes from downtown Richmond, offering tenants the best of both privacy and convenience. With a solid rent roll, modernized systems, and minimal ongoing capital needs, this is a turnkey, stabilized asset ideal for both seasoned investors and those looking to scale their portfolio in a growing market. Property owner is the licensed selling agent.

Property Features
  • Utilities
    • Electricity Connected
    • Natural Gas Available
    • Sewer Connected
    • Underground Utilities
    • Water Connected
  • Parking
    • On Site
    • Paved
  • Cooling Information
    • Electric
  • Heating Information
    • Electric
School Information
School Information for 159-181 Miller Drive, Richmond, KY 40475
Elementary School
N/A
Middle School
N/A
High School
Madison Central
Listing Courtesy: Premier Property Consultants - 859-314-5759
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Last Updated: 2026-03-17 11:40:16
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EXIT REALTY CRUTCHER
60 Devils Hollow Rd, Frankfort, KY 40601
Kenny Hawkins
License #: 215465
Sales Representative
Office
502 783 6060
Agent
502 680 6195
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