423 Poplar St
Lexington, KY 40508

$1,300,000

Description

This lot as well as 425 Poplar (right next to each other) are an investor's dream! Zoned R-4 High Density Apartment. Blocks from Rupp Arena and a couple lots down from Maxwell, this downtown location is PRIME. Please note that this listing is being sold with 4 other listings as one package for a total asking price of $1,300,000. The other addresses are 425 Poplar (lot), 418 Merino (single family home), 410 Merino (six-plex apartments), 414 Merino (tri-plex). Showings by appointment only and potential buyers/investors must have a bank letter. The 3 properties are completely full with tenants and all of them combined bring in over $8200 monthly. The biggest upside are the 2 vacant lots to build more units. MLS #'s: 1821876, 1821803, 1821874, 1821889, 1822021

Details

MLS#1821803
Sub-TypeResale
StatusActive
Days On Site338

Features

ZoningOther
Acreage0.03

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Area Information

StateKY
CountyFayette
CityLexington
Zip Code40508
AreaFayette County SW 4
Listing VS Median (in 40508)
Price:
$1,300,000
low | high
Med:
$164,900
100% of Average
On Site:
338
low | high
Med:
109
100% of Average
Listing Updated: 08/24/2019
MLS Number: 1821803
Listing Provided By:
Cara Cranfill  of  Lifstyl Real Estate