Address
613 Shropshire Avenue, Lexington, KY
Price
$ 600,000
Property Attributes
  • MLS#22026752
  • TypeMulti-Family
  • CountyFAYETTE
  • CityLexington
  • Area002 - Fayette County NE
  • NeighborhoodDowntown
  • Zip40508
  • StyleApartments
  • Price$ 600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.201 Acres
Data Source:
Bluegrass REALTORS®
Property Description

Six unit apartment building located near downtown Lexington on the Winchester Road corridor. All units are 1 bed/1bath with ceramic tile throughout, updated cabinets, stainless steel appliances, in unit washer/dryer. Currently used as long term rental with units rented at $650-$725. Market rate for the area should be $700-$725. All units are metered separately for water and electric. Tenants pay all utilities for each unit currently. Building is now fully leased with 100% occupancy. Other units can be viewed with accepted contract. The building and location also has strong potential for short term rental.

Price History
1/14/2024 Listed $600,000

General Features

Heating Baseboard,Electric,Forced Air
Cooling Window Unit(s)
Possession Close Of Escrow
Roof Shingle
Parking 6 - 10 Spaces
# of Buildings One
Subdivision Downtown
County Fayette
Property Type F
Area 002 - Fayette County NE
Status Active
Year Built 1965
Directions E 3rd St toward Winchester Road,Right turn on Shropshire Ave. Building on Left.
City Lexington
Geo Lat 38.048422
Street Name Shropshire
Water Water Connected
Geo Lon -84.479382
Structure Type Apartments

Interior Features

Total Baths 0.00
Unit Info: # of Units 6
Stories One

Exterior Features

Street Suffix Avenue
MLS Identifier 20180201170722572567000000
Lot Size Square Feet 8750.00
Lot Size Acres 0.2010
Sewer Sewer Connected

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 $370K
$600K
Visits
AVG 318
610
Data Provided by Inside Real Estate®
Year Built
AVG 1947
1965

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