Price Reduction
Address
406-East Sixth Street, Lexington, KY
Price
$ 240,000
Property Attributes
  • MLS#24002522
  • TypeMulti-Family
  • CountyFAYETTE
  • CityLexington
  • Area002 - Fayette County NE
  • NeighborhoodDowntown
  • Zip40508
  • StyleTriplex
  • Price$ 240,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1822
  • Lot Size0.11 Acres
Data Source:
Bluegrass REALTORS®
Property Description

Explore a prime investment opportunity in the heart of downtown Lexington - an income - producing Tri-Plex with a long-term rental history and lucrative returns. Strategically located, this property features three upgraded units, offering residents comfort while ensuring a steady stream of income. With its prime location and strong rental market, this Income Producing Tri-Plex is an attractive addition to your real estate portfolio. Three units total and each unit has 1 bedroom and 1 bathroom. Buyer to Verify Sqft. One unit has 6 months left on lease, one other unit has 7 months left on lease and upstairs unit is vacant.

Elementary School Middle School High School
William Wells Brown Elementary School Lexington Trad Middle School Frederick Douglass High School
Price History
2/15/2024 Listed $250,000
3/29/2024 2% - $245,000
5/22/2024 3% - $240,000

General Features

Heating Electric,Forced Air,Natural Gas
Possession Close Of Escrow
Roof Composition
Parking 1 - 5 Spaces
Sprinklers None
# of Buildings One
School District Fayette County - 1
Subdivision Downtown
County Fayette
Tax Rate 1.2643
Property Type F
Area 002 - Fayette County NE
Terms Sale
Status Active
Year Built 1959
Directions Corner of E Sixth and Chestnut
City Lexington
Geo Lat 38.049145
Street Name Sixth
Water Water Available
High School Frederick Douglass
Elementary School William Wells Brown
Geo Lon -84.481492
Structure Type Triplex

Interior Features

Total Baths 0.00
Utilities: Natural Gas Natural Gas Available
Unit Info: # of Units 3
Stories Two
Street Suffix Street

Exterior Features

MLS Identifier 20180201170722572567000000
Lot Size Square Feet 4792.00
Lot Size Acres 0.1100
Sewer Sewer Available

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 40508

Price
AVG $480K
$240K
Visits
AVG 272
307
Data Provided by Inside Real Estate®
Year Built
AVG 1953
1959

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