Catylist ID:
#30721479
4-Unit Multi-Family Investment Property
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: | 30721479 |
| Property Subtypes: | Duplex/Fourplex |
| Status: | Pending |
| Number of Units: | 4 Units |
| Building Size (RSF): | 5,000 SF |
| Sale Price: | $315,000 |
| Unit Price: | $78,750 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/7/2021 |
Overview / Comments
|
We are pleased to present this 4-unit multi-family investment opportunity in the bustling Richmond Road corridor of Lexington, Ky, just minutes away ample grocery shopping, restaurants, downtown Lexington, and more. This meticulously cared for quad was fully renovated in '14 by owner, who added new laminate flooring and replaced all windows. In an area where population growth is outpacing housing supply - this is your opportunity to purchase a multi-family asset that is going to grow with the Bluegrass! Highlights: Presented at $315,000 — this is a cash flowing investment property with plenty of rent upside 100% occupied & has consistently leased for length of ownership Brick Exterior — well built and meticulously cared for investment property Owner transitioning out of residential into commercial investments Current under market rents leave the next owner with plenty of upside as units turn Opportunity for next owner to pass thru 100% of the utility expenses |
Attachments & Media
Additional Details
| Nearest MSA: | Lexington-Fayette |
| County: | Fayette |
| Tax ID/APN: | 38000820 |
| Zoning: | R-4 |
| Percent Occupied: | 100% |
| Area Description: | Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential. |
| Total Number of Buildings: | 1 |
| Property Condition: | Good |
| Number of Stories: | 2 |
| Year Built: | 1999 |
| Year Renovated: | 2014 |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,919 | 107,298 | 213,600 |
| Median Age: | 31.24 | 34.53 | 34.65 |
| Households: | 6,809 | 48,176 | 92,308 |
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