6271 Riverside Drive

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Address: 6271 Riverside Dr, Burlington, KY 41005, USA
Atlanta & Southeast + Apartment Buildings
Created date: September 2, 2026
Date last updated: September 4, 2026
Price: $1,200,000Investment Analyzer NEW!
  • • 24 Existing Multifamily Units
  • • Approximately $50,000 per Existing Unit
  • • 2025 NOI: $85,635
  • • Going-In Cap Rate: Approximately 7.14%
  • • Historical Occupancy: Approximately 95%
  • • Approximately 8 Acres
  • • Additional Development Potential Included in Asking Price
  • • 8 Total Buildings
  • • 6 Residential Rental Buildings
  • • 2 Maintenance Buildings
  • • New Roofs on All Buildings
  • • 21 of 24 Units Have Been Turned
  • • All Utilities Currently Included
  • • Existing Professional Property Management
  • • Listing Broker Serves as Property Water Plant Operator
  • • Established Operating History
  • • Northern Kentucky / Greater Cincinnati Market

Property Description

Riverside 25 offers investors a compelling combination of current multifamily income and future development potential in Burlington, Kentucky, within the Northern Kentucky/Greater Cincinnati market. Offered at $1,200,000, the property consists of 24 existing multifamily units situated on approximately 8 acres, with additional land available for future development included in the asking price. Based on 2025 NOI of approximately $85,635, the existing operation produces a going-in cap rate of approximately 7.14%. The asking price equates to approximately $50,000 per existing unit before assigning any separate value to the additional development potential. The property consists of eight buildings: six residential rental buildings containing the 24 units and two maintenance buildings supporting property operations. Riverside 25 historically maintains approximately 95% occupancy, providing an established income stream while a new owner evaluates the property's future development opportunities. Significant capital improvements have already been completed. All buildings have new roofs, and 21 of the 24 units have been turned, substantially reducing near-term renovation requirements. All utilities are currently included in rent, creating another potential avenue for an investor to evaluate rental rates, utility expenses, and operational efficiencies as part of a long-term value-add strategy.
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Broker Details

Jim Carmichael
Jim Carmichael

Berkshire Hathaway HomeServices of America Professional Realty 859-444-4177 MLS ID: 656012531 State License Number: 203919

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,200,000
No. of Units: 24
Lot Size: 8.00 Acres
Opportunity Zone: No
Price per unit: $50,000
Property Website Click Here
Address: 6271 Riverside Drive, Burlington, KY 41005, USA
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Step 4Final Deal Analysis

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