About This Home
This 16-bedroom, 8-bathroom multi-family at 388 Redding Road in Lexington, KY is listed for $909,900 ($125 per sqft). Built in 1978, the home offers 7,300 sqft of living space on a 0.27 acres lot.
Key Features
- Built in 1978
- 0.27 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$4,866/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
388 Redding Road
Lexington, KY 40517
Kirklevington
Property Details
Heating
Cooling
Questions & Answers
This 16-bedroom, 8-bathroom multi-family at 388 Redding Road is listed at $909,900 ($125/sqft). The estimated monthly payment is $4,866 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1978, 0.27 acre lot, 2 stories.
This property is listed by Iris Todd and can be reached at 8593963267.