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414 Morrison Avenue

Lexington KY 40508

4
2
6
1581 sq. ft.
5624 sq. ft.
Duplex
Currently for sale - view listing

Overview

This offering includes both sides of the duplex at 414 and 414½ Morrison Avenue. Each unit features two bedrooms and one full bathroom. Both units are currently rented for $625 per month, providing a combined gross monthly income of $1,250. Estimated market rents in the property's current condition are approximately $1,100 to $1,300 per unit, offering significant income-growth potential. The 414 Morrison Avenue unit was updated in 2014, while the 414½ unit has not been updated and offers an opportunity for future improvements and additional value. Neither side has a lease; both tenants currently occupy on a month-to-month basis. This is a solid opportunity for an investor seeking immediate rental income with substantial upside potential near downtown Lexington.

Features

4 bedrooms
2 bathrooms
6 carspaces
1581 sq. ft. floor area
5624 sq. ft. lot size
Duplex

Happy sellers in Lexington

92%
92% of sellers in Lexington reported that their sale price either exceeded or met their price expectations.

Lexington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Lexington over the last 12 months.

Local market activity for 4 bedroom duplexes in Lexington

In the last 12 months, 2 four-bedroom duplexes similar to 414 Morrison Avenue, have been sold.

This represents a 100% decrease in four-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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