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$ 1,099,900
New
388 Redding Road Lexington, KY 40517
16 Beds
8 Baths
7,300 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,300 sqft
Price per Sqft $150
Subdivision Kirklevington
MLS Listing ID 26007953
Bedrooms 16
Full Baths 8
Year Built 1978
Lot Size 0.269 Acres
Acres 0.27
Property Sub-Type Quadruplex
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.
Location
State KY
County Fayette
Interior
Heating Electric
Cooling Central Air
Exterior
View Y/N N
Handicap Access No
Private Pool No
Schools
High Schools Tates Creek
Listed by Bluegrass Property Exchange
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