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London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale

509 W 3rd Street, Lexington, KY 40508

$675,000
  • 509 W 3rd Street, Lexington, KY 40508 Main Photo

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New to the Market Active
BEDS5 BATHS4 full SQUARE FEET3,585 MLS#26007853
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONDowntown SCHOOLFayette County - 1

Property Description

Turn-key four-plex income property in one of downtown Lexington's most sought-after locations???the thriving Jefferson Corridor, surrounded by recently completed high-end developments. This investment opportunity is currently fully leased, generating over $50,000 in annual rental income with low maintenance requirements. Major system upgrades include high-efficiency heating and cooling, along with updated electrical that is separately metered completed in 2021???offering flexibility for potential individual unit sale. While preserving its original charm featuring vaulted ceilings, beautiful hardwood floors, and classic window moldings. Residents have in-unit washer and dryer and a private fenced backyard with community firepit. Additional highlights include on-site garage parking with extra parking available. Ideally located with short distance to the University of Kentucky, Rupp Arena, Transylvania University, as well as popular dining and entertainment destinations such.

509 W 3rd Street | MLS# 26007853

This multi-family property located at 509 W 3rd Street, Lexington, KY 40508 is currently listed for sale with an asking price of $675,000. W 3rd Street is located within the Fayette County - 1 school district. Search Lexington real estate on www.salliedavidson.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Electric
Fuel Type: Electric, Gas
Heating: Electric, Natural Gas
Lot Size: 0.18 Acres
Roof Type: Composition, Flat
Year Built: 1920

Feature Descriptions

Days on Site: 2
Lot Dimensions: 0.183 acre(s)
Parcel #: 14751975
Parking Notes: Covered, Enclosed
Structure Type: Quadruplex
Utilities: 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: Bluegrass Sotheby's International Realty

Shown By

Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000

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Estimated Payment

$ 2,621.72 per month $2,424.84 Principal & Interest $0.00 Property Tax (data not provided by mls) $196.88 Homeowner's Insurance

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