$52,000
$600,000
91.3%For more information regarding the value of a property, please contact us for a free consultation.
613 Shropshire Avenue Lexington, KY 40508
8,750 Sqft Lot
Key Details
Sold Price $52,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 22026752
Sold Date 09/23/24
Year Built 1965
Lot Size 8,750 Sqft
Property Description
Six unit apartment building located near downtown Lexington on the Winchester Road corridor. All units are 1 bed/1bath with ceramic tile throughout, updated cabinets, stainless steel appliances, in unit washer/dryer. Currently used as long term rental with units rented at $650-$725. Market rate for the area should be $700-$725. All units are metered separately for water and electric. Tenants pay all utilities for each unit currently. Building is now fully leased with 100% occupancy. Other units can be viewed with accepted contract. The building and location also has strong potential for short term rental.
Location
State KY
County Fayette
Interior
Heating Baseboard, Forced Air, Electric
Cooling Window Unit(s)
Exterior
Waterfront No
View Y/N N
Roof Type Shingle
Building
New Construction No
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