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Mimi Iverson

mimi@welcometokentucky.com +1(859) 310-2814

$944,900

16 Beds

8 Baths

7,300 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,300 sqft

Price per Sqft $129

Subdivision Kirklevington

MLS Listing ID 26022566

Bedrooms 16

Full Baths 8

Year Built 1978

Lot Size 0.269 Acres

Acres 0.27

Property Sub-Type Quadruplex

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.

Location

State KY

County Fayette

Interior

Heating Electric

Cooling Central Air

Exterior

View Y/N N

Handicap Access No

Private Pool No

Schools

High Schools Tates Creek

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Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by Bluegrass Property Exchange

Mimi Iverson

Agent License ID: 271853

+1(859) 310-2814

388 Redding Road Lexington, KY 40517

Mimi Iverson

Key Details

Location

Interior

Exterior

Schools

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388 Redding Road

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