Start your business while earning income immediately. This R3 zoned lot with two tiny house rentals(551sqft + 649sqft) each 1 bed 1 bath (one has a permanent foundation the other does not). Each is occupied with tenants under lease and each unit gets $600 per month. Both rental units were completely renovated in 2022 .Also included in this listing is a fully renovated 4 bedroom 2 bath home now commercially zoned B-3 professional office building (1863 sf) is ready for new owners. Address is 345 Big HIll Avenue. Perfect for a Law, medical, real estate, consulting, counseling , wellness center, or Boutique. Fully ADA compliant access and 1 of the 2 bathrooms is ADA approved. Full kitchen, separate laundry room and 4 additional rooms on the first floor. The second level has 1 large room or office space.. Part of the commercial parking lot does encroach on the rental lot but by owning both much more parking could be available for the commercial building's use. Showings are with 24 hour minimum notice
Property Details
Property Features
Property Information:
Year Built: 9999
Stories: 1
Living Area: 1,200 SqFt
Listing Office:
Office Name: Keller Williams Legacy Group
Office Email: kybethrice@gmail.com
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 4
Exterior Features
Parking Information:
Parking: 1 - 5 Spaces, Gravel, On Site
Lot Features
Lot Information:
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Heating: Other, Electric
Cooling: Window Unit(s)
School Info
Assigned Schools Information:
Model Laboratory High School, Public District Grades 9-12
Madison Central High School, Public District Grades 9-12
Madison Middle School, Public District Grades 6-8
Model Laboratory Middle School, Public District Grades 6-8
Model Laboratory Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: I-75 S to Exit 90-A; go approx 0.9 miles; turn right on Lexington Rd/W Main St; go approx 2.7 miles; stay right to go on Big Hill Avenue; go approx 0.2 miles; turn L on Altamont St; Property is on the right
Price Information
Listing Price Info
Price Summary:
List Price: $499,900
Price Per SqFt: $417/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Richmond, KY.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,562
Per Month
Principal & Interest
$2,495
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,565
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Model Laboratory Elementary School
521 Lancaster Ave
Distance between this listing and this school0.87 miles
Public District Grades PK-5
Middle School
6
/10
Madison Middle School
101 Summit St
Distance between this listing and this school0.72 miles
Public District Grades 6-8
7
/10
Model Laboratory Middle School
521 Lancaster Ave
Distance between this listing and this school0.87 miles
Public District Grades 6-8
High School
8
/10
Model Laboratory High School
521 Lancaster Ave
Distance between this listing and this school0.87 miles
Public District Grades 9-12
6
/10
Madison Central High School
705 N 2nd St
Distance between this listing and this school1.11 miles
Public District Grades 9-12
Assigned Schools
7
/10
Model Laboratory Elementary School
521 Lancaster Ave
Distance between this listing and this school0.87 miles
Public District Grades PK-5
Nearby Schools
5
/10
Daniel Boone Elementary School
710 N 2nd St
Distance between this listing and this school1.00 miles
Public District Grades PK-5
7
/10
Glenn R Marshall Elementary School
1442 Robert R. Martin Bypass
Distance between this listing and this school1.47 miles
Public District Grades PK-5
Assigned Schools
6
/10
Madison Middle School
101 Summit St
Distance between this listing and this school0.72 miles
Public District Grades 6-8
7
/10
Model Laboratory Middle School
521 Lancaster Ave
Distance between this listing and this school0.87 miles
Public District Grades 6-8
Nearby Schools
4
/10
Clark Moores Middle School
1143 Berea Rd
Distance between this listing and this school1.00 miles
Public District Grades 6-8
Assigned Schools
8
/10
Model Laboratory High School
521 Lancaster Ave
Distance between this listing and this school0.87 miles
Public District Grades 9-12
6
/10
Madison Central High School
705 N 2nd St
Distance between this listing and this school1.11 miles
Public District Grades 9-12
Nearby Schools
7
/10
Madison Southern High School
213 Glades Rd
Distance between this listing and this school10.64 miles
The neighbors living near this home have an average income of $27,119. Residents of Richmond, KY typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.
This home is located at 956 Altamont St in Richmond, KY and zip code 40475. This 1,200 square foot home, which was built in 9999, sits on a 0.28 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $499,900.
While more than 18 listings in Richmond, KY in May 2024 were sold above asking price, there were more than 17 listings sold at asking price, and more than 34 were sold below. The number of listings in Richmond, KY decreased by 4.6% between April 2024 and May 2024. Listings spent 31 days on the market in May 2024, and had a median list price of $292,825 during the same period.
From Rocket Homes Real Estate and based on county public records data.