435 N Martin Luther King Boulevard

    Lexington, KY 40508
    • $369,900
    • STATUS: Active
    • ON SITE: 65 days
    • MLS #: 1802949
    $369,900
    • 5
      BEDS
    • 0.2
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,947
      SQFT
    • $126
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:

    School Information

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

    Description

    Well maintained Tri-Plex in the transforming downtown area. Newer roof, replacement windows, remodeled kitchen & baths, and hardwood floors. First floor unit has a large covered front porch on the front, and deck out back. Features 2BD/1BA, original french doors, and two family room areas. Second floor can be accessed by the front exterior stairs or the back. Nice large family room area, 2BD/1BA, nice kitchen, and second story deck off back. 3rd floor is accessed by the front exterior stairs. This is more of a studio and has a full bath. Currently used as a Airbnb and is bringing in better income then long term rentals. 1st and 2nd floor rent for $1,000 a month, and 3rd floor Airbnb is averaging $1,035 (trending to increase). 1st and 2nd floor units always rent same day. This tells me rents can go up if new owner chooses. Nice alley way in the back for off street parking, and backyard is fully fenced. If you're looking for a nice solid investment property this ONE is it!!!

    Monthly Payment Calculator

    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/80789469

    435 N Martin Luther King Boulevard Lexington, KY 40508

    • Price: $369,900
    • Status: Active
    • MLS #: 1802949
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.2
    Acres
    2,947
    SQFT
    $126
    $/SQFT
    1890
    Built
    Neighborhood:
    Downtown
    County:
    Fayette
    Area:
    Fayette County Nw 1
    Elementary School:
    William Wells Brown
    Middle School:
    Lexington Trad
    High School:
    Frederick Douglass
    School District:
    Fayette County
    Property Description
    Well maintained Tri-Plex in the transforming downtown area. Newer roof, replacement windows, remodeled kitchen & baths, and hardwood floors. First floor unit has a large covered front porch on the front, and deck out back. Features 2BD/1BA, original french doors, and two family room areas. Second floor can be accessed by the front exterior stairs or the back. Nice large family room area, 2BD/1BA, nice kitchen, and second story deck off back. 3rd floor is accessed by the front exterior stairs. This is more of a studio and has a full bath. Currently used as a Airbnb and is bringing in better income then long term rentals. 1st and 2nd floor rent for $1,000 a month, and 3rd floor Airbnb is averaging $1,035 (trending to increase). 1st and 2nd floor units always rent same day. This tells me rents can go up if new owner chooses. Nice alley way in the back for off street parking, and backyard is fully fenced. If you're looking for a nice solid investment property this ONE is it!!!
    Exterior Features

    Lot Expansion Sq Ft 0 Lot Size 0 Parking 1 - 5 Spaces Roof Shingle Roof Age 0 Stories Three

    Interior Features

    Common Air Conditioning Electric Common Heat Forced AirBaseboard Electric 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 0 Credit Losses And Vacancy 0 Current Zoning R-3 Electric 0 Fuel Expense 0 Gross Operating Income 0 Gross Scheduled Rent Income 0 Janitorial Services 0 Lawn Services 0 Less Operating Expense 0 Net Operating Income 0 Occupant Type Tenant Other Income 0 Personal Property Taxes 0 Possession LandlordsNegotiableRental AgreementSub To Tenant Rights Property Insurance 0 Property Management 0 Property Type Triplex Real Estate Taxes 0 Repairs And Maintenance 0 Resident Manager 0 Rubbish Services 0 Sewer And Water 0 Sprinklers None Tax Rate 1.2174 Terms Sale Total Annual Debt Service 0 Total Gross Income 0 Total Operating Expense 0 Vacant Units 0 Water Services 0

    Listing provided courtesy of Vicki Weesner of Weesner Properties, Inc.. Listing information © 2018 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