317 5th St, Richmond, KY 40475

Unique investment opportunity in the heart of Richmond, within walking distance of downtown and just 1 mile from Eastern Kentucky University. This property offers a flexible two-level layout that can be utilized as two separate living units, making it an excellent opportunity for an investor seeking rental income. The layout also works well for an owner-occupant, multi-generational living, or anyone looking for separate living space within the same home. The home features a separate living area on each level, with a full kitchen, full bathroom, and washer/dryer hookups on both floors. Each kitchen includes a refrigerator, electric range, and over-the-range microwave, while the downstairs kitchen also features a dishwasher and garbage disposal. The property has two electric meters, allowing each floor to have its own electric service and bill. The upstairs washer and dryer are included with the sale, along with all kitchen appliances. One of the property's standout features is the oversized detached 2-car garage, custom built in 2020 and measuring approximately 24' x 28'. The extra depth provides plenty of room for vehicles, a workout area, yard equipment, hobbies, and storage. Attic trusses create a large loft storage area in the rear of the garage, providing substantial additional space for seasonal decorations and belongings. The garage also has its own electrical subpanel, a dedicated EV charging outlet, and smart myQ garage door openers. A large concrete driveway, poured in 2020, provides ample off-street parking and continues around to create a spacious rear patio area with room for outdoor furniture, additional parking, a basketball hoop, and more. The home also features Nest smart locks on both the front and rear entrances, along with a wired Nest doorbell at the front door. The location is hard to beat: walk to downtown Richmond, the Madison County Public Library, local restaurants and shops, and enjoy easy access to EKU just a mile away via Lancaster Avenue. A rare combination of rental potential, flexible living space, an exceptional oversized garage, and a convenient downtown location makes this property a compelling opportunity for investors and homeowners alike.