Log In/Sign Up
Your email has been sent.
727 River Dr 4 Unit Apartment Building $461,244 CAD ($115,311 CAD/Unit) 11.32% Cap Rate Irvine, KY 40336
Investment Highlights
- Concrete floors on the second level.
- Concrete block walls
- On KY HWY 52 with deticated turning lane
- High visibility, easy entry, and steady traffic flow make this a standout multifamily investment.
Executive Summary
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 commute.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$40,710
|
$8.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$40,710
|
$8.08
|
| Taxes |
$2,783
|
$0.55
|
| Operating Expenses |
$2,035
|
$0.40
|
| Total Expenses |
$4,819
|
$0.96
|
| Net Operating Income |
$35,891
|
$7.12
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $40,710 |
| Annual Per SF | $8.08 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $40,710 |
| Annual Per SF | $8.08 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,783 |
| Annual Per SF | $0.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,035 |
| Annual Per SF | $0.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,819 |
| Annual Per SF | $0.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $35,891 |
| Annual Per SF | $7.12 |
Property Facts
| Price | $461,244 CAD | Building Class | C |
| Price Per Unit | $115,311 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 5,040 SF |
| Cap Rate | 11.32% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1981 |
| Property Type | Multifamily | Parking Ratio | 1.59/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $461,244 CAD |
| Price Per Unit | $115,311 CAD |
| Sale Type | Investment |
| Cap Rate | 11.32% |
| Gross Rent Multiplier | 11 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 5,040 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.59/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4.5 | 4 | $848.12 CAD | - |
1 1
Property Taxes
| Parcel Number | 071-40-10-015.01 | Total Assessment | $223,905 CAD (2025) |
| Land Assessment | $223,905 CAD (2025) | Annual Taxes | $2,783 CAD ($0.55 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
071-40-10-015.01
Land Assessment
$223,905 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$223,905 CAD (2025)
Annual Taxes
$2,783 CAD ($0.55 CAD/SF)
Tax Year
2024
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Joyce Marcum Realty
727 River Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.