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Omega Real Estate Brokerage
388 Redding Rd, Lexington, KY 40517
- $899,900
- 16
- BD
- 8
- BA
- 7,300
- SqFt
- List Price
- $899,900
- Price Change
- ▼ $10,000 1790974722
- MLS#
- 26022566
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Quadruplex
- Bedrooms
- 16
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 7,300
- Lot Size
- 11,700
Property Description
Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.
Additional Information
- High School
- Tates Creek
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Listing courtesy of Bluegrass Property Exchange.