300 Codell Drive Drive Pending Save Request In-Person Tour Request Virtual Tour
Lexington,KY 40509
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $166
Subdivision Woodspoint
MLS Listing ID 25000601
Bedrooms 8
Full Baths 4
Year Built 1979
Lot Size 0.340 Acres
Property Description
Don't miss out INCREASED ROI AND NEW REDUCED PRICE!! Fully renovated 4-unit property, ready to start generating income right away! This turnkey gem boasts fresh updates throughout, including all new windows, sliding glass doors, and a brand-new roof installed in May (with a transferable warranty). The property also features a freshly paved driveway, giving it excellent curb appeal.
Each of the four spacious units is a 2-bedroom, 1-bath layout, all newly renovated and currently occupied. With rents currently below market value, there's huge potential for growth. Here's the breakdown:
Unit 1: $970/month
Unit 2: $1,100/month
Unit 3: $1,000/month
Unit 4: $1,150/month
That's $4,220 a month in rental income—plus, tenants pay all utilities except for the hallway electric bill! No HOA fees to worry about, either. Rents to increase to a total of $4,300 this Spring!
Located in an excellent area, close to a brand-new hospital and easy access to the new circle, this property is perfect for investors looking for a steady stream of income and long-term growth.
Act fast—this opportunity won't last long! Previous pending sale failed due to buyers financial inabilities.
Location
State KY
County Fayette
Interior
Heating Forced Air,Electric
Cooling Electric,Heat Pump
Exterior
Parking Features Paved,Open,On Site
View Y/N N
Roof Type Composition
Schools
Elementary Schools Breckinridge
Middle Schools Crawford
High Schools Henry Clay
School District Fayette County - 1