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321 Clay,  Lexington KY, 40502

(Active)
$515,000
|
3 beds, 3 Full baths, 1,843 sqft
|
MLS# 20114609
1of
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Last Updated: 11/30/2021 9:18 AM
Description for 321 Clay Lexington, KY 40502
This is a fantastic opportunity for an owner occupant or investor! This beautiful historic triplex is in a great location minutes from Chevy Chase, UK, Kroger's, Woodland Park, downtown, shopping, and restaurants. The current monthly income is over $2k, two units are leased, the 3rd is a successful Airbnb. This property could easily be converted back into a single-family home. The roof was replaced in 2016, The Large downstairs Apartment rents for $695/month, including utilities (currently rented under market value to a long-term tenant). This unit has central Air, gas furnace with electric heat pump, original hardwood floors and wood trim throughout, a beautifully tiled fireplace and mantel (non-working) and a custom built in wardrobe, ceiling fans, updated windows, kitchen with gas range, refrigerator, laundry room, mudroom, access to the unfinished basement, large wrap around front porch. Unit # 2 is a successful Airbnb that averages $775/month, priced low, central Air, separate gas furnace, updated kitchen. . Super cute upstairs Studio Apartment with a 'treehouse' feel, is currently leased for $595 + electric, baseboard heat and window AC , with a private deck.
Price
$515,000
Uk Campus
Fayette
3
3 Full
1,843 (approx)
20114609
Active
Description
This is a fantastic opportunity for an owner occupant or investor! This beautiful historic triplex is in a great location minutes from Chevy Chase, UK, Kroger's, Woodland Park, downtown, shopping, and restaurants. The current monthly income is over $2k, two units are leased, the 3rd is a successful Airbnb. This property could easily be converted back into a single-family home. The roof was replaced in 2016, The Large downstairs Apartment rents for $695/month, including utilities (currently rented under market value to a long-term tenant). This unit has central Air, gas furnace with electric heat pump, original hardwood floors and wood trim throughout, a beautifully tiled fireplace and mantel (non-working) and a custom built in wardrobe, ceiling fans, updated windows, kitchen with gas range, refrigerator, laundry room, mudroom, access to the unfinished basement, large wrap around front porch. Unit # 2 is a successful Airbnb that averages $775/month, priced low, central Air, separate gas furnace, updated kitchen. . Super cute upstairs Studio Apartment with a 'treehouse' feel, is currently leased for $595 + electric, baseboard heat and window AC , with a private deck.
Listing Information
Property Type: Multi-Family, 1-1/2 Story
3 3 Full
0.14 Acres 1,843 (approx) $0
1950 1.5
Uk Campus
Water Available
Sewer Available
Electricity, Natural Gas, Sewer, Water
Neighborhood
School Information
District: Fayette County
Cassidy Morton Henry Clay
Room Information
Bathrooms
3
Interior Features
Other
Other, Heat Pump
Exterior / Lot Features
5 Parking Spaces, 1 - 5 Spaces
None
Composition
R-3
Driving Directions
Inbound on Euclid Ave. Right on Clay, the house is on the left hand side.
Financial Considerations
$1
Sale
Listing Price History

Lexington Real Estate

Lexington is located in Kentucky.

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Courtesy: The Kinglander Company
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This content last refreshed on 11/30/2021 9:18 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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