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1648 Alexandria Drive

Lexington, KY 40504
  • $379,000
  • STATUS: Pending
  • ON SITE: 6 Days
  • MLS #: 22013145
Pending
UPDATED: 35 min ago
$379,000
  • 7
    BEDS
  • 0.26
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 4,176
    SQFT
  • $91
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

A rare turn-key investment opportunity to own 7 rental units inside The Circle. The complex is 100% occupied with reliable long-term tenants. Current total monthly rent is $3,120. However, 3 rentals are due for an increase, which would bring monthly income to about $3,500. All rentals are below market value so there is certainly room for income gain. Ample off-street parking for all the residents. Photos are of the basement apartment, all others have partial hardwood flooring. Tenants pay water, gas, sewer and electric. CAM pays for mowing/snow removal/salting. CAM pays $15 a month electric and $36 a month for the dumpster. Open House 11am to 4pm this Friday & Saturday, June 24th and 25th. Offers to be reviewed June 26 at 6:30 PM.

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Lexington-Bluegrass Association of Realtors logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Better Homes and Garden Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
www.lexingtonkyhomesearch.com/homes/130156654
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1648 Alexandria Drive Lexington, KY 40504

  • Price: $379,000
  • Status: Pending
  • On Site: 6 Days
  • Updated: 35 min ago
  • MLS #: 22013145
7
Beds
7
Baths
0
½ Baths
0.26
Acres
4,176
SQFT
$91
$/SQFT
1960
Built
Neighborhood:
Gardenside
County:
Fayette
Area:
Fayette County Sw 4
Elementary School:
Lane Allen
Middle School:
Beaumont
High School:
Dunbar
School District:
Fayette County
Property Description
A rare turn-key investment opportunity to own 7 rental units inside The Circle. The complex is 100% occupied with reliable long-term tenants. Current total monthly rent is $3,120. However, 3 rentals are due for an increase, which would bring monthly income to about $3,500. All rentals are below market value so there is certainly room for income gain. Ample off-street parking for all the residents. Photos are of the basement apartment, all others have partial hardwood flooring. Tenants pay water, gas, sewer and electric. CAM pays for mowing/snow removal/salting. CAM pays $15 a month electric and $36 a month for the dumpster. Open House 11am to 4pm this Friday & Saturday, June 24th and 25th. Offers to be reviewed June 26 at 6:30 PM.
Exterior Features

Parking 6 - 10 Spaces Roof CompositionShingle Stories Two Structure Type Apartments

Interior Features

Cooling Electric Heating Forced AirNatural Gas

Property Features

Current Zoning R-3 Planned Neighborhood Residential Intermediate School Not Applicable Number Of Vacant Units 0 Possession Close Of EscrowLandlord Tax Rate 1.2727 Total Gross Income 3120 Vacancy Percent 0.00

Lexington-Bluegrass Association of Realtors logo Listing provided courtesy of Paul L Campbell of The Agency. Listing information © 2022 LBAR Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Better Homes and Garden Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
 
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Better Homes and Garden Real Estate Cypress
3399 Tates Creek Rd., Suite 150
Lexington KY, 40502
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