London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale
BEDS4
BATHS2 full
SQUARE FEET1,581
MLS#26021218
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDowntown
SCHOOLFayette County - 1
Property Description
This offering includes both sides of the duplex at 414 and 414?? Morrison Avenue. Each unit features two bedrooms and one full bathroom. Both units are currently rented for $625 per month, providing a combined gross monthly income of $1,250. Estimated market rents in the property's current condition are approximately $1,100 to $1,300 per unit, offering significant income-growth potential. The 414 Morrison Avenue unit was updated in 2014, while the 414?? unit has not been updated and offers an opportunity for future improvements and additional value. Neither side has a lease; both tenants currently occupy on a month-to-month basis. This is a solid opportunity for an investor seeking immediate rental income with substantial upside potential near downtown Lexington.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Fuel Type: Gas
Heating: Forced Air, Natural Gas
Lot Size: 0.13 Acres
Roof Type: Composition, Shingle
Year Built: 1958
Feature Descriptions
Days on Site: 3
Laundry: Main Level
Laundry Features: Main Level
Lot Dimensions: 0.129 acre(s)
Parcel #: 11564400
Parking Notes: On Site, Paved, Open, On Street
Structure Type: Duplex
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
Local Schools
High School: Lafayette
Middle School: Lexington Trad
Elementary School: Harrison
School District: Fayette County - 1
Listed By / Shown By
Listed By
Agency Name: Belmont Realty Group
Shown By
Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000
Estimate Your Payment
Estimated Payment
$ 970.62 per month $897.73 Principal & Interest $0.00 Property Tax (data not provided by mls) $72.89 Homeowner's Insurance
414 Morrison Avenue | MLS# 26021218
This multi-family property located at 414 Morrison Avenue, Lexington, KY 40508 is currently listed for sale with an asking price of $249,900. Morrison Avenue is located within the Fayette County - 1 school district. Search Lexington real estate on www.salliedavidson.com today.