205 Geri Ln Richmond, KY 40475
Estimated payment $3,015/month
Total Views
3,192
4
Beds
7
Baths
5,140
Sq Ft
$103
Price per Sq Ft
About This Home
Looking for an investment office space plus apartments close to EKU? Check out this well maintained office building in desirable high density commercial area very close to the Eastern Bypass, EKU, Barnes Mill Rd residential areas, I75 Exit 87. 5,140sf 2 story building with more than ample parking. Zoned B-3 with 6 units including 1st floor 2 office spaces w/ rent below market value-current tenant occupying both units pays 1820/mo plus electric. 1st floor 3- 1/2 bathrooms, 3 examining rooms, office, lobby, 2 reception areas, 2 addtl offices, good storage. 1st floor presently leased to Eye Car Center and this lease expires on 10/01/2026 te. Luxury LVT flooring in entrance/baths/utility closet. 4 upstairs 1 bedroom, 1 bath Apartments w/, kitchen/den, 5 back building parking spaces & entrance with shared hallway & separate circuit breakers & heat pump/water heaters. Tenant's pay own electri. Each unit & hall painted 11/24, new carpet summer 24 & kitchen cabinets/ appliances/ counters replaced 4 yrs ago approx. Landlord pays water, sewer, trash removal. Front has ample parking & all exterior brick painted 11/24, side wall installed 2022, side alley belongs to this lo More.... PRICED BELOW APPRAISED VALUE. Excellent opportunity to own Richmond KY investment property.
Additional information: Sewer pipe was relined, all downstairs relined cast iron pipes, downstairs bathrooms have pvc, rubber roof. Morgan Heating and Air services the building. 1st floor 1 heat pump replaced 2024, 1 in 2022. Presently 4 apartments rent for $500 and pay electric. Bathroom fixtures & lighting stay, 2 apt. water heaters new in 2022 Side alley driveway is on this property. Phone system and all eye care equipment on 1st floor is owned by 1st floor tenant and does not convey. Can only be shown by appointment with 24 hours notice to seller and showings can only take place after business hours after 5pm Monday through Friday and Saturday. 1st floor commercial tenant just took 1st of 2 options to extend lease 1 year to 03/01/2016. Next year under current lease with current owner has the option to extend lease once more.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $1,581
Year Built
- Built in 1973
Lot Details
- 10,629 Sq Ft Lot
Home Design
- 5,140 Sq Ft Home
- Rubber Roof
Bedrooms and Bathrooms
- 4 Bedrooms
Schools
- Kit Carson Elementary School
- Madison Mid Middle School
- Madison Central High School
Utilities
- Cooling Available
- Heat Pump System
Community Details
- 4 Units
- College Park Subdivision
Listing and Financial Details
- Assessor Parcel Number R002-0011-0001
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,581 | $165,000 | $0 | $0 |
| 2023 | $1,601 | $165,000 | $0 | $0 |
| 2022 | $213 | $165,000 | $0 | $0 |
| 2021 | $1,635 | $165,000 | $0 | $0 |
| 2020 | $1,669 | $165,000 | $0 | $0 |
| 2019 | $1,678 | $165,000 | $0 | $0 |
| 2018 | $1,677 | $165,000 | $0 | $0 |
| 2017 | $1,659 | $165,000 | $0 | $0 |
| 2016 | $1,646 | $165,000 | $0 | $0 |
| 2015 | $584 | $165,000 | $0 | $0 |
| 2014 | $1,579 | $165,000 | $0 | $0 |
| 2012 | $1,579 | $165,000 | $40,000 | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | For Sale | $530,000 | -- | $103 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Similar Home in Richmond, KY
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25013755
APN: R002-0011-0001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 LBAR Multiple Listing Service. All Rights Reserved.
Nearby Homes
- 819 Barnes Mill Rd
- 228 Magnolia Dr
- 103 Millstone Dr
- 144 S Killarney Ln
- 106 Meadowlark Dr
- 167 Prewitt Dr
- 404 Martin Dr
- 305 Barnes Mill Rd
- 627 Fourwinds Dr
- 1012 Heathcliff Dr
- 413 Doubletree Ct
- 904 Paddock Ct
- 924 Paddock Ct
- 917 Paddock Ct
- 639 Four Winds Dr
- 505 Elleigh Way
- 101 Deepwood Dr
- 133 Armitage Dr
- 206 Longview Dr
- 339 Timothy Way
- 102 Manna Dr Unit 3
- 224 Wray Ct Unit 24
- 205 Shamrock Ln Unit 4
- 315 Glyndon Ave
- 713 Amber Hill Dr
- 423 Laurel St Unit C
- 223 E St
- 400 Midland Dr
- 443 Big Hill Ave
- 743 N 3rd St
- 200 Mount Rushmore Dr
- 633 Big Hill Ave
- 737 Yellowstone Trail
- 2009-2079 Ty Ln
- 1065 Berea Rd
- 1040 Brandy Ln
- 6104 Arbor Woods Way
- 6100 Arbor Woods Way
- 8177 Driftwood Loop
- 8117 Driftwood Loop