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2900 Winter Garden

Lexington, KY 40517
  • $405,000
  • STATUS: Closed
  • ON SITE: 311 Days
  • MLS #: 23017583
Sold - 01/29/2024
$405,000
SOLD - 01/29/2024
  • 8
    BEDS
  • 0.26
    ACRES
  • 4
    BATHS
  • 4
    1/2 BATHS
  • 3,696
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

Description

Here's a fantastic opportunity to add to your rental portfolio! This all electric four plex has 2 bedrooms, 1.5 bathrooms and 800 sqft of space in each unit. All units are fully leased with a current gross rent of over $3,600 per month (rent roll attached). One tenant is currently section 8, other tenants have been long term with one new tenant now paying $1,025 - so there is room to increase rents over time. This property is currently being managed by professional management service (Kingston Property Management). Sitting on over a quarter acre inside New Circle road, this location gives quick and convenient access to Alumni, New Circle and Man o' War roads. Tenants must have notice prior to showings; please do not show without making proper arrangements with Kingston. Electric is separately metered and paid by tenants - there is no house meter.

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Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
www.laneteamky.com/homes/143286377
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2900 Winter Garden Lexington, KY 40517

  • Price: $435,000
  • Status: Closed
  • On Site: 311 Days
  • Updated: 127 min ago
  • MLS #: 23017583
8
Beds
4
Baths
4
½ Baths
0.26
Acres
3,696
SQFT
$0
$/SQFT
1979
Built
Neighborhood:
Park Hills
County:
Fayette
Area:
Fayette County Se 3
Property Description
Here's a fantastic opportunity to add to your rental portfolio! This all electric four plex has 2 bedrooms, 1.5 bathrooms and 800 sqft of space in each unit. All units are fully leased with a current gross rent of over $3,600 per month (rent roll attached). One tenant is currently section 8, other tenants have been long term with one new tenant now paying $1,025 - so there is room to increase rents over time. This property is currently being managed by professional management service (Kingston Property Management). Sitting on over a quarter acre inside New Circle road, this location gives quick and convenient access to Alumni, New Circle and Man o' War roads. Tenants must have notice prior to showings; please do not show without making proper arrangements with Kingston. Electric is separately metered and paid by tenants - there is no house meter.
Exterior Features

Parking 1 - 5 Spaces Roof Shingle Structure Type Quadruplex

Property Features

Current Zoning R-3 Intermediate School Not Applicable Possession Close Of Escrow Terms Sale

Bluegrass REALTORS® logo Listing provided courtesy of Jimmy Hamilton of Allied Realty: (859) 494-9003 . Listing information © 2024 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
 
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The Lane Team | Bluegrass Sotheby's International Realty
1999 Richmond Rd., Ste. 400
Lexington KY, 40502