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Address
414-416 Merino Street Lexington, KY
Price
$ 1,300,000
Property Attributes
  • MLS#1822021
  • TypeMulti-Family
  • CountyFAYETTE
  • CityLexington
  • AreaFayette County SW 4
  • NeighborhoodDavis Park
  • Zip40508
  • StyleTriplex
  • Year Built1964
  • Taxes825
  • Price$ 1,300,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1823
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Lifstyl Real Estate
Property Description

An Investor's Dream! This property is being sold as a package with 410 Merino St (a six-plex/six bedroom apartment complex that's brand new), 418 Merino (2 bed, 1 bath single family)as well as 2 lots directly behind the properties on 425 and 423 Poplar Street 40508. The lots are zoned R-4 for high density apartments. This downtown location is PRIME--a couple blocks from Rupp Arena and right off Maxwell. The current properties are fully occupied with tenants. In summary, 5 properties being sold together (2 lots, single family home, triplex and six-plex). The package includes the following MLS #'s: 1821876, 1821803, 1821874, 1821889, 1822021

Elementary School Middle School High School
Harrison Elementary School Not Applicable Middle School Lafayette High School
Price History
9/24/2018 Listed $1,300,000

General Features

# of Buildings One
Amenities Other
Board Loaded No
Gross Operating Inc. 25716
MLS Area Fayette County SW 4
Property SubType Multi-Housing
Property Type Multi-Housing
Region Areas
Repairs & Maint. 341
School District Fayette County
Sub Lease Expiration Date 1800-01-01T00:00:00
Subdivision Name Davis Park
Terms Sale
Type Triplex
Year Built 1964
Zoning Description R-4

Interior Features

Cooling Electric, Heat Pump
Full Baths 3
Living Area 1823.00
Stories One
Total Bedrooms 4

Exterior Features

Bathrooms 3.00
Possession Close Of Escrow, Other
Fuel Source Electric, Gas
Lawn Services 360
Lot Size Acres 0.14
Lot Size Square Feet 6183.00
Lot Size Units SqFt
Parking Features 1 - 5 Spaces
Roof Composition

Amenities

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

Property vs Zip Code Average in 40508

Price
AVG $730K
$1.3M
Taxes
AVG $1,251
$825
Visits
AVG 148
321
Year Built
AVG 1954
1964
Walkscore
AVG 82
76
Data Provided by Walkscore ® not using MLS data

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