388 Redding Road, Lexington, KY 40517
388 Redding Road, Lexington, KY 40517
388 Redding Road, Lexington, KY 40517
388 Redding Road, Lexington, KY 40517
388 Redding Road, Lexington, KY 40517
388 Redding Road, Lexington, KY 40517
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$ 959,900

16 Beds

8 Baths

7,300 SqFt


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$ 959,900
Save

16 Beds

8 Baths

7,300 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 7,300 sqft

Price per Sqft $131

Subdivision Kirklevington

MLS Listing ID 26007953

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

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Bluegrass Property Exchange

Nearby Locations

Barry Turner

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(606) 875-5988

barry@laketimeky.com

44 Office Park Dr, Somerset, KY 42501, USA

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388 Redding Road