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$1,225,000
21 Beds
14 Baths
1,232 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,232 sqft
Price per Sqft $994
Subdivision Woodspoint
MLS Listing ID 25003041
Bedrooms 21
Full Baths 14
Year Built 2000
Lot Size 2,714 Sqft
Property Description
Rare opportunity to own one-third of an entire street in a prime Lexington location just off Richmond Road. This fully occupied 7-townhouse package is a turnkey investment, with tenants paying all utilities and handling their own lawn care.
Each townhouse offers a thoughtfully designed layout, featuring a first-floor bedroom and full bathroom for added convenience. The second floor includes two additional bedrooms, a spacious oversized bathroom, large closets, and a dedicated laundry closet. The location provides easy access to shopping, dining, and major highways, making these townhomes highly desirable for tenants.
With a current rent roll of $7920 per month ($95040 annually) and no vacancies, this investment offers both stability and future growth. The stabilized market rent is projected at $10,850 per month ($130200 annually), providing additional upside potential. A nearby two-townhouse package recently sold for $350,000, further highlighting the value of this offering.
This is a rare chance to own a substantial portion of a Lexington street
Each townhouse offers a thoughtfully designed layout, featuring a first-floor bedroom and full bathroom for added convenience. The second floor includes two additional bedrooms, a spacious oversized bathroom, large closets, and a dedicated laundry closet. The location provides easy access to shopping, dining, and major highways, making these townhomes highly desirable for tenants.
With a current rent roll of $7920 per month ($95040 annually) and no vacancies, this investment offers both stability and future growth. The stabilized market rent is projected at $10,850 per month ($130200 annually), providing additional upside potential. A nearby two-townhouse package recently sold for $350,000, further highlighting the value of this offering.
This is a rare chance to own a substantial portion of a Lexington street
Location
State KY
County Fayette
Interior
Heating Electric
Cooling Electric
Exterior
Parking Features Paved, On Site
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Schools
Elementary Schools Breckinridge
Middle Schools Crawford
High Schools Henry Clay
Others
Pool YN No
Handicap Accessible YN No
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Listed by Lifstyl Real Estate