Investment Condo: 106 W Vine St, Lexington, KY, 40507, Lexington, FL - $-38,784 Annual Profit

106 W Vine St, Lexington, KY, 40507

106 W Vine St - #305

$795,000

Description

Elevated living at it's very best in downtown's newest 36 unit condominium project, The Vine. The finishes, the location, the experience-they simply can't be beat. One and two bedroom showplaces with exquisite finishes from floor to ceiling, a balcony over looking the city along with a rooftop pool and The Vine Club, concierge service that includes a doorman, and has a management group for short term rentals. The Vine's convenient location makes it a short walk to Rupp Arena, restaurants, UK, nightlife and most other amenities downtown Lexington has to offer. It's a lifestyle, it's an investment so secure your unit on the ground floor with pre-sales starting immediately. Prices will be increasing in the second phase starting in Spring of 2024. The first phase of proposed construction should be complete by June 2024. A 10% non refundable deposit will be required and held in escrow by Bluegrass Land Title.

Property Information
Monthly Rent
$2,200
Monthly HOA
$1201
rental Policy
STR Restrictions
Yearly Taxes
$0
Bedrooms
2
Bathrooms
2
SQFT
1,412
Furnished
unknown
Year built
2024
MLS
23020657

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Long-Term Rental Information
Revenue
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$65,184

Expenses
Profit
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Cap rate
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Cash on Cash
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$2,200/mo

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