1648 Alexandria Drive, Lexington, KY 40504

Property Description

A rare turn-key investment opportunity to own 7 rental units inside The Circle. The complex is 100% occupied with reliable long-term tenants. Current total monthly rent is $3,120. However, 3 rentals are due for an increase, which would bring monthly income to about $3,500. All rentals are below market value so there is certainly room for income gain. Ample off-street parking for all the residents. Photos are of the basement apartment, all others have partial hardwood flooring. Tenants pay water, gas, sewer and electric. CAM pays for mowing/snow removal/salting. CAM pays $15 a month electric and $36 a month for the dumpster. Open House 11am to 4pm this Friday & Saturday, June 24th and 25th. Offers to be reviewed June 26 at 6:30 PM.