Address
509 W Third Street Lexington, KY
Price
$ 507,900
Property Attributes
- MLS#20020929
- TypeMulti-Family
- CountyFAYETTE
- CityLexington
- AreaFayette County NW 1
- NeighborhoodDowntown
- Zip40508
- StyleQuad
- Year Built1920
- Taxes4533
- Price$ 507,900
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3585
- Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Bluegrass Sotheby's International Realty
Property Description
Turn-key restored and renovated income property in the hottest location in downtown Lexington (Jefferson Corridor with recent high-end developments Jefferson Townhome Development & The Flats at 345). Currently fully rented with $42,600 in annual rent, little to no vacancy and low maintenance. Updated high-efficiency heating and cooling. Upgraded electric, separately metered for potential individual sale. Completely remodeled, vaulted ceilings with beautiful original hardwood floors and window molding. On site garage parking, extra parking available. In-unit washer & dryer. Secure entry and private fenced backyard, with community garden. Walking distance to downtown UK, Rupp, Transylvania, new BCTC campus restaurants (Grey Goose, Nick Ryans) and breweries (West 6th, Blue Stallion).
| Price History | |
|---|---|
| 10/8/2020 | Listed $519,900 |
| 11/10/2020 | 3% - $507,900 |
General Features
| Board Loaded | No |
|---|---|
| MLS Area | Fayette County NW 1 |
| Parking Features | 1 - 5 Spaces, Covered |
| Possession | Other, Rental Agreement, Sub to Tenant Rights |
| Property SubType | Multi-Housing |
| Property Type | Multi-Housing |
| Region | Areas |
| Repairs & Maint. | 1200 |
| Roof | Composition, Flat |
| Sub Lease Expiration Date | 1800-01-01T00:00:00 |
| Subdivision Name | Downtown |
| Tax Rate | 1.2774 |
| Terms | Cash, Conventional |
| Type | Quad |
| Year Built | 1920 |
| Zoning Description | R-2 |
Interior Features
| Full Baths | 4 |
|---|---|
| Living Area | 3585.00 |
| Total Bedrooms | 5 |
Exterior Features
| Bathrooms | 4.00 |
|---|---|
| Fuel Source | Electric, Gas |
| Lot Size Acres | 0.19 |
| Lot Size Square Feet | 8100.00 |
| Lot Size Units | SqFt |
| Sprinklers | None |
| Water Services | 1200 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 40508
Price
Taxes
Visits
Year Built
Walkscore
Data last updated: January 27, 2021 5:56 PM UTC and updating occurs daily