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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
Possession Close Of Escrow, Other
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
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
  • Pets
  • 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 $640K
$1.3M
Taxes
AVG $834
$825
Visits
AVG 110
213
Year Built
AVG 1950
1964
Walkscore
AVG 80
76
Data Provided by Walkscore ® not using MLS data

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