Turn-key restored and renovated income property in the hottest location in downtown Lexington (Jefferson Corridor with recent high-end developments Jefferson Townhome Development & The Flats at 345). Currently fully rented with $42,600 in annual rent, little to no vacancy and low maintenance. Updated high-efficiency heating and cooling. Upgraded electric, separately metered for potential individual sale. Completely remodeled, vaulted ceilings with beautiful original hardwood floors and window molding. On site garage parking, extra parking available. In-unit washer & dryer. Secure entry and private fenced backyard, with community garden. Walking distance to downtown UK, Rupp, Transylvania, new BCTC campus restaurants (Grey Goose, Nick Ryans) and breweries (West 6th, Blue Stallion).
Off market
$642,200
509 W 3rd St, Lexington, KY 40508
5beds
3,585sqft
MultiFamily
Built in 1920
-- sqft lot
$642,200 Zestimate®
$179/sqft
$1,065 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Cooling
- Central
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,585 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 8,102 sqft
Details
- Parcel number: 14751975
Construction
Type & style
- Home type: MultiFamily
Materials
- Metal
- Roof: Composition
Condition
- Year built: 1920
Community & neighborhood
Location
- Region: Lexington
Other
Other facts
- Association: Lexington Blue Grass
- Lease Type: Net
- Type of Property: Quad
- Property Subtype 1: Multi-Housing
- Parking: 1 - 5 Spaces, Covered
- Roof Type: Composition, Flat