For Sale

Listed by Iris Todd from Bluegrass Property Exchange, Inc.

Source: Bluegrass REALTORS® #26007953

388 Redding Road, Lexington-Fayette, KY, 40517

$974,900

16
8
7300 sq. ft.
11700 sq. ft.

Duplex

30+ days on the market

What's around 388 Redding Road

About this property

Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

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