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405-407 Morrison Ave 2 Unit Apartment Building $275,000 ($137,500/Unit) Lexington, KY 40508
Investment Highlights
- GREAT STREET - EASE OF ACCESS - NEAR UNIVERSITY - NEAR BALL PARK AND SHOPPING.
Executive Summary
GREAT DUPLEX LEXINGTON KENTUCKY - Near Transylvania University - Whitaker Baseball Park - 50% occupancy with long term tenants - perfect for student housing - Annual $24,000.00 - CASH SALE. - SEE PHOTOS - excellent condition
Property Facts
| Price | $275,000 | Building Class | C |
| Price Per Unit | $137,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 1,500 SF |
| No. Units | 2 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-2 - Residential | ||
| Price | $275,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,500 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1960 |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Residential |
Amenities
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $750.00 | 1,500 |
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 10443250 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $127,500 |
Property Taxes
Parcel Number
10443250
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$127,500
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Videos
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Photos
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Presented by
Kirkland & Auction
405-407 Morrison Ave
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