Investment Home: 613 Shropshire Ave, Lexington, KY, 40508, Lexington, FL - $29,388 Yearly Profit

613 Shropshire Ave, Lexington, KY, 40508

$600,000

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.

Property Information
airbnb avg Daily
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Occupancy Rate
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Monthly HOA
$0
rental Policy
daily
Yearly Taxes
$866
Bedrooms
2
Bathrooms
2
SQFT
8,756
Furnished
unknown
Year built
1965
MLS
22026752

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Short-Term Rental Information
Revenue
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$39,180

Expenses
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Cap rate
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Price/SQFT
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