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321 Clay Avenue

Lexington, KY 40502
  • $555,000
  • STATUS: Active
  • ON SITE: 93 Days
  • MLS #: 20114609
UPDATED: 26 min ago
$555,000
  • 3
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,843
    SQFT
  • $301
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

This is a fantastic opportunity for an owner occupant or investor! This beautiful historic triplex is in a great location minutes from Chevy Chase, UK, Kroger's, Woodland Park, downtown, shopping, and restaurants. The current monthly income is over $2k, two units are leased, the 3rd is a successful Airbnb. This property could easily be converted back into a single-family home. The roof was replaced in 2016, The Large downstairs Apartment rents for $695/month, including utilities (currently rented under market value to a long-term tenant). This unit has central Air, gas furnace with electric heat pump, original hardwood floors and wood trim throughout, a beautifully tiled fireplace and mantel (non-working) and a custom built in wardrobe, ceiling fans, updated windows, kitchen with gas range, refrigerator, laundry room, mudroom, access to the unfinished basement, large wrap around front porch. Unit # 2 is a successful Airbnb that averages $775/month, priced low, central Air, separate gas furnace, updated kitchen. . Super cute upstairs Studio Apartment with a 'treehouse' feel, is currently leased for $595 + electric, baseboard heat and window AC ,with a private deck.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of 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/119717050
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321 Clay Avenue Lexington, KY 40502

  • Price: $555,000
  • Status: Active
  • Updated: 26 min ago
  • MLS #: 20114609
3
Beds
3
Baths
0
½ Baths
0.14
Acres
1,843
SQFT
$301
$/SQFT
1950
Built
Neighborhood:
Uk Campus
County:
Fayette
Area:
Fayette County Se 3
Elementary School:
Cassidy
Middle School:
Morton
High School:
Henry Clay
School District:
Fayette County
Property Description
This is a fantastic opportunity for an owner occupant or investor! This beautiful historic triplex is in a great location minutes from Chevy Chase, UK, Kroger's, Woodland Park, downtown, shopping, and restaurants. The current monthly income is over $2k, two units are leased, the 3rd is a successful Airbnb. This property could easily be converted back into a single-family home. The roof was replaced in 2016, The Large downstairs Apartment rents for $695/month, including utilities (currently rented under market value to a long-term tenant). This unit has central Air, gas furnace with electric heat pump, original hardwood floors and wood trim throughout, a beautifully tiled fireplace and mantel (non-working) and a custom built in wardrobe, ceiling fans, updated windows, kitchen with gas range, refrigerator, laundry room, mudroom, access to the unfinished basement, large wrap around front porch. Unit # 2 is a successful Airbnb that averages $775/month, priced low, central Air, separate gas furnace, updated kitchen. . Super cute upstairs Studio Apartment with a 'treehouse' feel, is currently leased for $595 + electric, baseboard heat and window AC ,with a private deck.
Exterior Features

Parking 1 - 5 Spaces Roof Composition Stories 1 1/2 Structure Type Apartments

Interior Features

Cooling Combination Heating Heat Pump Sprinklers None

Property Features

Current Zoning R-3 Intermediate School Not Applicable Number Of Vacant Units 0 Other Amenities GarageStorage Building Possession Close Of Escrow Tax Rate 1.2777 Terms Sale Vacancy Percent 0.00

Listing provided courtesy of Lee King of The Kinglander Company. Listing information © 2021 LBAR Multiple Listing Service. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of 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