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388 Redding Road

Lexington, KY 40517

About this property

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.

About this property

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.

Features and Additional Information

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$944,900 Active
16 Bed(s)
8
 Baths
7,300 sqft
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Presented By Coldwell Banker McMahan

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Get in touch today! Phone: 1-502-241-8811
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Bluegrass Property Exchange
1-859-469-9429
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Area Information

003 Fayette County SE | Fayette County | Kirklevington

$ 944,900
This listing is play_arrow 28.6% higher than the average in the area
$ 734,950 in the area
7,300 SqFt
This listing is play_arrow 43.9% larger than the average in the area
5,072 SqFt in the area
$ 129 $/SqFt
This listing is play_arrow 17.6% less than the average in the area
$ 157 $/SqFt in the area
15 days on site
This listing is play_arrow 36.4% above the average in the area
11 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    Tates Creek

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Listed By Iris Todd
Brokerage: Bluegrass Property Exchange

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