435 N Martin Luther King Blvd
Lexington, KY 40508

Description

Well maintained Tri-Plex in the transforming downtown area. Newer roof, replacement windows, remodeled kitchen & baths, and hardwood floors. First floor unit has a large covered front porch on the front, and deck out back. Features 2BD/1BA, original french doors, and two family room areas. Second floor can be accessed by the front exterior stairs or the back. Nice large family room area, 2BD/1BA, nice kitchen, and second story deck off back. 3rd floor is accessed by the front exterior stairs. This is more of a studio and has a full bath. Currently used as a Airbnb and is bringing in better income then long term rentals. 1st and 2nd floor rent for $1,000 a month, and 3rd floor Airbnb is averaging $1,035 (trending to increase). 1st and 2nd floor units always rent same day. This tells me rents can go up if new owner chooses. Nice alley way in the back for off street parking, and backyard is fully fenced. If you're looking for a nice solid investment property this ONE is it!!!

Details

MLS#1802949
Sub-TypeResale
StatusActive
Year1890
Days On Site125

Features

SQ Feet2,947
Units3
Building(s)1

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Area Information

StateKY
CountyFayette
CityLexington
Zip Code40508
AreaFayette County NW 1
Listing VS Median (in 40508)
Price:
$369,900
low | high
Med:
$171,500
100% of Average
SqFt:
2,947
low | high
Med:
672
100% of Average
$ / SqFt:
$126
low | high
Med:
$64
98.762299868044% of Average
On Site:
125
low | high
Med:
38
100% of Average
Listing Updated: 06/19/2018
MLS Number: 1802949
Listing Provided By:
Casey Weesner  of  Weesner Properties Inc.