9 Properties with 13 Units Total – Sold

Price Drop: 9 Properties with 13 Units Total

Neighborhoods include: Kenwick, East End, and Georgetown Rd Corridor

Asking: $825,000 or best offer (-43K)
Owner will carry 95% of the balance on land contract for up to 1 year until refinance is completed and long term financing put into place

300 Bassett Ave Lexington, KY 40502
301 Sherman Ave Lexington, KY 40502
3368 Otter Creek Dr Lexington, KY 40515
415 E Fifth St Lexington, KY 40508
731 Charles Ave Lexington, KY 40508
436 Lindberg Dr Lexington, KY 40508
458 Michigan St Lexington, KY 40508
447 Glen Arvin Ave Lexington, KY 40508
125 S Highland St Winchester, KY 40391

•  Turn key rental package – 9 properties with 13 units total (3 vacancies in 1 building)
• Only 5% down to purchase
• Owner will carry 95% of the balance on land contract for up to 1 year until refinance is completed and long term financing put into place
• Neighborhoods include: Kenwick, East End, and Georgetown Rd Corridor
• Tenants pay all utilities
• Current occupancy at 11.3% CAP rate!
• The Winchester 5 unit has 3 vacancies with additional potential of another $2,000 per month pushing the gross CAP rate to 14.1%
• Priced at $868,000 which is 80% of most recent appraisal 
• Many appraisals over 2 years old