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509 W 3rd Street

Lexington, KY 40508
  • $530,000
  • STATUS: Closed
  • ON SITE: 119 Days
  • MLS #: 22000836
Sold - 02/21/2022
$530,000
SOLD - 02/21/2022
  • 5
    BEDS
  • 0.19
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

School District:

Description

Walking distance to Transylvania, this Quadplex income property yielding $43,488/year is your 2022 investment opportunity. It's a 2-story home, zoned R-2, converted to a quadplex. All units are currently rented. Each plex offers 1 car detached partially covered garage with opener; and each unit also has a washer/dryer to convey with the sale.Three of the units are 1-bedroom and the 4th unit is a 2 bedroom; all units have 1 full bath. Numerous repairs were completed in April 2021. Your new investment opportunity eagerly awaits its new investor.

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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/124816273
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509 W 3rd Street Lexington, KY 40508

  • Price: $540,000
  • Status: Closed
  • On Site: 119 Days
  • Updated: 66 min ago
  • MLS #: 22000836
5
Beds
4
Baths
0
½ Baths
0.19
Acres
1920
Built
Neighborhood:
Downtown
County:
Fayette
Area:
Fayette County Nw 1
School District:
Fayette County
Property Description
Walking distance to Transylvania, this Quadplex income property yielding $43,488/year is your 2022 investment opportunity. It's a 2-story home, zoned R-2, converted to a quadplex. All units are currently rented. Each plex offers 1 car detached partially covered garage with opener; and each unit also has a washer/dryer to convey with the sale.Three of the units are 1-bedroom and the 4th unit is a 2 bedroom; all units have 1 full bath. Numerous repairs were completed in April 2021. Your new investment opportunity eagerly awaits its new investor.
Exterior Features

Parking 1 - 5 SpacesCoveredOn Site Roof CompositionFlat Stories Two Structure Type Quadruplex

Interior Features

Cooling Electric Heating ElectricNatural Gas Sprinklers None

Property Features

Current Zoning R-2 Two-Family Residential Gross Scheduled Rental Income 362400 Intermediate School Not Applicable Number Of Vacant Units 0 Possession Close Of Escrow Tax Rate 1.2727 Total Gross Income 43488 Vacancy Percent 0.00

Listing provided courtesy of James Murphy of Keller Williams Greater Lexington. Listing information © 2022 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.
 
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Better Homes and Garden Real Estate Cypress
3399 Tates Creek Rd., Suite 150
Lexington KY, 40502
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