Property Description

3124-3126 High Ridge Drive, Lexington, KY 40517 offers a rare residential income opportunity in the Park Hills area of Southeast Lexington. This duplex includes one side with 2 bedrooms and 2.5 baths, while the other side is configured as 2 bedrooms and 2.5 baths, with basement space that could function as an additional bedroom, office, guest area, or flexible living space if needed. 3126 High Ridge is currently vacant, while 3124 High Ridge is tenant occupied on a year lease at $1,100 per month - There is no written lease but the tenant would like to stay until early next year, with the tenant being a family member of the owner; 3124 requires at least 4 hours' notice for showings. Area rental comparables currently support estimated rental ranges of approximately $1,500 to $2,000 per side, respectively, depending on unit configuration, condition, lease terms, and market demand. The property has seen substantial updates, including replacement roofs, updated HVAC components, updated hot water tanks, newer windows, appliances, bath vanities, and fixtures, with additional improvements noted in 2022, 2024, and 2025. Additional features include central air, electric heating/cooling, main-level laundry, connected electric, sewer, and water utilities, and off-street parking. Conveniently located near Man O' War Boulevard, Alumni Drive, Tates Creek Road, Hamburg, The Summit at Fritz Farm, UK, downtown Lexington, parks, shopping, dining, schools, and major commuter routes, this property offers strong access to many of Lexington's most popular destinations while maintaining a residential setting. Inspections are welcome; however, the property is being sold as-is.

Property Features

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