JERRY SIMS - Coldwell Banker McMahan
656 Maxwelton
Lexington, KY 40508

Description

This duplex has great potential in its land value and location with the very large vacant lot currently being used as parking spaces across from UK Law School. FRONT unit is 4 BDs,2.5 BAs, Rents for $1300./month.Resident pays all utilities (gas, electric, water, sewer). Appliances include refrig,stove, washer/dryer. FRONT unit has new laminate flooring and carpet, new refrig, new bath vanity, and new paint, new heat pump being installed now, replacing old gas furnace. BACK unit has 3 BDs, 2 BAs, and new paint, new carpet, new vinyl on 1st floor, new dishwasher. Residents pay their own utilities (electric, water, sewer) Both water heaters in front and back units are about 4 years old. BACK unit rented for $1200. There are 22 parking spaces, 7 are given to 7 tenants, 14 are sold per semester ($600.per parking space x 14 = $8400./yr., and one extra is not sold. FRONT unit: Electrician is finishing some electrical work, then new HVAC (heat pump) is being installed. Will then be 4 rent

Details

MLS#1819436
Sub-TypeResale
StatusPending
Year1924
Days On Site59

Features

SQ Feet2,500
Building(s)1

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Area Information

StateKY
CountyFayette
CityLexington
Zip Code40508
AreaFayette County SW 4
Listing VS Median (in 40508)
Price:
$450,000
low | high
Med:
$172,000
100% of Average
SqFt:
2,500
low | high
Med:
1,583
86.68% of Average
$ / SqFt:
$180
low | high
Med:
$109
89.636414683793% of Average
On Site:
59
low | high
Med:
13
100% of Average
Listing Updated: 10/18/2018
MLS Number: 1819436
Listing Provided By:
Mary Anne Simmons  of  EXP Realty LLC