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405-407 Morrison Ave

2 Unit Apartment Building $275,000 ($137,500/Unit) Lexington, KY 40508

Apartment Buildings Kentucky Lexington 405-407 Morrison Ave, Lexington, KY 40508

Investment Highlights

  • GREAT STREET - EASE OF ACCESS - NEAR UNIVERSITY - NEAR BALL PARK AND SHOPPING.

Executive Summary

GREAT DUPLEX LEXINGTON KENTUCKY - Near Transylvania University - Whitaker Baseball Park - 50% occupancy with long term tenants - perfect for student housing - Annual $24,000.00 - CASH SALE. - SEE PHOTOS - excellent condition

Property Facts

Price $275,000 Building Class C
Price Per Unit $137,500 Lot Size 0.15 AC
Sale Type Investment Building Size 1,500 SF
No. Units 2 Average Occupancy 50%
Property Type Multifamily No. Stories 1
Property Subtype Apartment Year Built 1960
Apartment Style Low Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $275,000
Price Per Unit $137,500
Sale Type Investment
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 1,500 SF
Average Occupancy 50%
No. Stories 1
Year Built 1960
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Site Amenities

  • Trash Pickup - Curbside

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $750.00 1,500
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Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R-2 (Residential)
R-2 (Residential)
  • Kenneth Bentley
    Kenneth Bentley
  • Kirkland & Auction
(859) 623-8788

  • Listing ID: 17993225

  • Date on Market: 12/18/2019

  • Last Updated:

  • Address: 405-407 Morrison Ave, Lexington, KY 40508

More public record information on 405-407 Morrison Ave, Lexington, KY 40508

The East Lexington/Fayette Multifamily Property at 405-407 Morrison Ave, Lexington, KY 40508 is currently available. Contact Kirkland & Auction for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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405-407 Morrison Ave, Lexington, KY for sale Primary Photo- Image 1 of 10
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405-407 Morrison Ave
(859) 623-8788 x

405-407 Morrison Ave

Kenneth Bentley

(859) 623-8788

(859) 623-8788

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