




388 Redding Rd, Lexington, KY, 40517
About This Home
Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.
Getting Around
Schools
Construction
Condition
- Year built: 1978
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating & Cooling
- Heating features: Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 7,300
- Total interior livable area: 7,300 sqft
Property
Details
- Parcel number: 13744638
- Zoning description: R-3 - PLANNED NBHD RESIDENTIAL
Lot
- Lot size: 0.27 Acres
