232 Waller Ave, Lexington, KY 40503 is For Sale
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232 Waller Ave, Lexington, KY 40503

Studio, 2 baths, 1,000 sqft
For Sale
$1,295,000
Zestimate®: $197,943
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Built in 1999, this building is in a P-1 Zone. This property is perfect for an owner occupied investment property with value add potential. The first floor contains +/- 3200 SF and is suitable for single or multiple office tenant. (Office suite listed for lease at $13/SF+NNN). The second and third floors are comprised eight large apartments. The residential units are all 3BR/2BA, +/- 1000 SF, electric utilities, washer/dryer, very economical and all suites are currently leased through July 31, 2014. The property has private tenant parking, with 3 spots per residential unit. The property also contains a dumpster and central mailbox for tenants. The entire building is sprinkled. All utilities are paid by tenants (less house utilities). Current rents are considered at or below current market values. First floor may also be converted to residential units to maximize value. - Eight three bedroom apartments - 100% leased - Very Strong renters market servicing the University. Brokered And Advertised By: Block + Lot Real Estate Listing Agent: Adam Boardman  MoreLess
Facts
  • Multi Family
  • Built in 1999
  • 188 days on Zillow
  • Cooling: Central
  • Heating: Forced air
  • Price/sqft: $1,295
  • MLS #: 1405101
Features
  • Parking: Off street
    Additional Features
    • Living room
    Appliances Included
    • Dishwasher
    • Range / Oven
    • Refrigerator
    • Washer
    Other
    • Floor size: 1,000 sqft
    • Laundry: In Unit
    • Zillow Home ID: 2108212580
    Home Values
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    Zestimate What's this?
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    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $197,943
    +$19,687 Last 30 daysd
    $188K
    $214K
    Zestimate range
    Rent Zestimate What's this?
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    A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $760/mo
    +$6 Last 30 daysd
    $532
    $889
    Zestimate range

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    Neighborhood for 232 Waller Avenue

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    Zillow predicts Southland-Deerfield-Open Gates home values will rise 1.5% next year, compared to a 1.9% increase for Lexington as a whole. Among Southland-Deerfield-Open Gates homes, this home is 831% more expensive than the midpoint (median) home, and is priced 873.7% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Southland-Deerfield-Open Gates, the number of foreclosures waiting to be sold is 18.8% less than in Lexington, and 85.6% less than the national average. This lower local number could help Southland-Deerfield-Open Gates home values rise more quickly than other regions in Lexington.

    Learn more about forecast calculations or Southland-Deerfield-Open Gates home values.
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      Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

      Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

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