London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale
BEDS16
BATHS8 full
SQUARE FEET7,300
MLS#26007953
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONKirklevington
SCHOOLFayette County - 1
Property Description
Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Fuel Type: Electric
Heating: Electric
Lot Size: 0.27 Acres
Year Built: 1978
Feature Descriptions
Days on Site: 1
Lot Dimensions: 0.269 acre(s)
Parcel #: 13744638
Structure Type: Multi Family
Local Schools
High School: Tates Creek
School District: Fayette County - 1
Listed By / Shown By
Listed By
Agency Name: Bluegrass Property Exchange
Shown By
Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000
Estimate Your Payment
Estimated Payment
$ 4,272.04 per month $3,951.23 Principal & Interest $0.00 Property Tax (data not provided by mls) $320.80 Homeowner's Insurance
388 Redding Road | MLS# 26007953
This multi-family property located at 388 Redding Road, Lexington, KY 40517 is currently listed for sale with an asking price of $1,099,900. Redding Road is located within the Fayette County - 1 school district. Search Lexington real estate on www.salliedavidson.com today.