414 Merino Street

    Lexington, KY 40508
    • $1,300,000
    • STATUS: Active
    • ON SITE: 361 days
    • MLS #: 1822021
    $1,300,000
    • 4
      BEDS
    • 0.14
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,823
      SQFT
    • $713
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Information

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

    Description

    An Investor's Dream! This property is being sold as a package with 410 Merino St (a six-plex/six bedroom apartment complex that's brand new), 418 Merino (2 bed, 1 bath single family)as well as 2 lots directly behind the properties on 425 and 423 Poplar Street 40508. The lots are zoned R-4 for high density apartments. This downtown location is PRIME--a couple blocks from Rupp Arena and right off Maxwell. The current properties are fully occupied with tenants. In summary, 5 properties being sold together (2 lots, single family home, triplex and six-plex). The package includes the following MLS #'s: 1821876, 1821803, 1821874, 1821889, 1822021

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    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/87882668

    414 Merino Street Lexington, KY 40508

    • Price: $1,300,000
    • Status: Active
    • MLS #: 1822021
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,823
    SQFT
    $713
    $/SQFT
    1964
    Built
    Neighborhood:
    Davis Park
    County:
    Fayette
    Area:
    Fayette County Sw 4
    Elementary School:
    Harrison
    Middle School:
    Lexington Trad
    High School:
    Lafayette
    School District:
    Fayette County
    Property Description
    An Investor's Dream! This property is being sold as a package with 410 Merino St (a six-plex/six bedroom apartment complex that's brand new), 418 Merino (2 bed, 1 bath single family)as well as 2 lots directly behind the properties on 425 and 423 Poplar Street 40508. The lots are zoned R-4 for high density apartments. This downtown location is PRIME--a couple blocks from Rupp Arena and right off Maxwell. The current properties are fully occupied with tenants. In summary, 5 properties being sold together (2 lots, single family home, triplex and six-plex). The package includes the following MLS #'s: 1821876, 1821803, 1821874, 1821889, 1822021
    Exterior Features

    Lot Expansion Sq Ft 0 Lot Size 0 Parking 1 - 5 Spaces Roof Composition Roof Age 0 Stories One

    Interior Features

    Common Air Conditioning ElectricHeat Pump Fuel GasElectric Fuel Source ElectricGas Laundry Sq Ft 0 Sq Ft Common Area 0

    Property Features

    Building Expansion Sq Ft 0 Cash Flow Before Tax 15130 Credit Losses And Vacancy 0 Current Zoning R-4 Documents On File Other Electric 0 Fuel Expense 0 Gross Operating Income 25716 Gross Scheduled Rent Income 25716 Janitorial Services 0 Lawn Services 360 Less Operating Expense 2306 Net Operating Income 23410 Occupant Type Tenant Other Income 0 Personal Property Taxes 0 Possession Close Of EscrowOther Property Amenities Other Property Insurance 630 Property Management 0 Property Type Triplex Real Estate Taxes 825 Repairs And Maintenance 341 Resident Manager 0 Rubbish Services 0 Sewer And Water 0 Terms Sale Total Annual Debt Service 8280 Total Gross Income 25716 Total Operating Expense 2306 Vacant Units 0 Water Services 0

    Listing provided courtesy of Cara Cranfill of Lifstyl Real Estate. Listing information © 2019 LBAR Multiple Listing Service. All rights reserved.
    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.
     
    Better Homes and Garden Real Estate Cypress
    3221 Summit Square Place, Ste 200
    Lexington KY, 40590
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