A lot of Options! Flip as SFH, Rent as Duplex or Keep as Short Term Rental

Asking: $200,000 or best offer

We are selling our assignable purchase contract on the property below:

1821 Gayle Dr
Lexington, KY 40505

Zillow Click Here
Tax Assessor Info Click Here
Photos Click Here
VRBO Click Here

Details

  • 5BD/3BA with 2,450 sqft
  • In-law suite in the basement or convert to a duplex (currently not zoned for duplex)
  • Currently furnished as a short term rental on VRBO – see link above
  • Comes with all furniture, linens, etc
Estimated ARV is $270,000 – $280,000 based on the comps below:

1886 Gayle Dr
1812 Dalna Dr

Repairs:
 Roof: No known issues
 HVAC: Working but consider updating for a flip
 Flooring: New LVT in the basement. Consider updating upstairs floors for a flip
 Kitchen: Update the cabinets and countertops for a flip, already has stainless steel appliances
  Bathroom: One bathroom recently updated, consider updating the other two for a flip
 Windows: Good condition
 Foundation: No known issues

To submit an offer or set up a viewing please contact Braxton at 859-585-3887 or email Braxton@rebuiltrealty.com

Our deals move fast. If you would like to lock the property up, we do accept sight-unseen, no-contingency cash offers.

Cash buyers preferred. Financed offers will be considered on a case-by-case basis and must use one of our approved local banks. No mortgage companies.

$2,500 earnest money check required for all first-time buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!