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.
Listed By
Agency Name: Bluegrass Property Exchange
Shown By
Agent Name: Tim Smith
Agent Phone: (606) 682-0320
Agency Title: SALLIE DAVIDSON, REALTORS
Estimated Payment
$ 4,077.84 per month $3,771.62 Principal & Interest $0.00 Property Tax (data not provided by mls) $306.22 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 $1,049,900. Redding Road is located within the Fayette County - 1 school district. Search Lexington real estate on tsmith.salliedavidson.com today.