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613 Shropshire Ave, Lexington, KY 40508, USA

$ 600,000.00

Six unit apartment building located near downtown Lexington on the Winchester Road corridor. All units are 1 bed/1bath with ceramic tile throughout, updated cabinets, stainless steel appliances, in unit washer/dryer. Currently used as long term rental with units rented at $650-$725. Market rate for the area should be $700-$725. All units are metered separately for water and electric. Tenants pay all utilities for each unit currently. Building is now fully leased with 100% occupancy. Other units can be viewed with accepted contract. The building and location also has strong potential for short term rental.

Basic Facts

MLS #: 22026752 Date added: 12/23/22 Type: Status:
Bathrooms: 0 Lot size: 0.2010 acres Year built: 1965 Post Updated: 2023-05-09 20:05:17

Rooms&Units Description

Unit Info: # of Units: 6
Unit Info: # of Vacant Units: 1

View on map / Neighborhood

Location Details

County: Fayette Fayette
Area Desc: 002 - Fayette County NE
Directions: E 3rd St toward Winchester Road, Right turn on Shropshire Ave. Building on Left.
Intermediate School: Not Applicable

Property Details

Subdivision: Downtown
Number of Buildings: One
Number of Stories: One
Possession: Close Of Escrow

Property Features

Roof: Shingle
Cooling: Window Unit(s)
Heating: Baseboard,Electric,Forced Air
Parking: 6 - 10 Spaces
Utilities: Electricity: Electricity Available
Utilities: Sewer: Sewer Connected
Utilities: Water: Water Connected

Miscellaneous

Financial Info: Gross Scheduled Rental Income: 49500

Courtesy of

Office Name: Sage Real Estate
Office ID: 20190328161012182220000000

Stephen West

  • Company: Kentucky Prime Realty, LLC

Disclaimer

The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification. All measures are approximate.

This is located at 613 Shropshire Ave, Lexington, KY 40508, USA, is categorized under , and has been listed on KY Prime Realty. This property is listed at $ 600,000.00. It has bedrooms, 0 bathrooms, and is . The property was built in 1965.