1988 Fair Oaks Drive Unit #A & B, Lexington, KY 40504

Property Description

This Gardenside duplex offers a unique opportunity for both seasoned investors and those looking to start their real estate journey through house hacking. Each unit offers 2 bedrooms and 1 bathroom. Unit A currently rents for $725 per month with a damage deposit of $575. The lease for Unit A started on August 1, 2021, and ends on July 31, 2024. Unit B rents for $800 per month with a damage deposit of $800, with the lease running from September 25, 2023, to September 30, 2024. Each unit comes with its own storage building, providing ample space for tenants' belongings. Tenants are responsible for maintaining the lawn and paying all utilities. While the property needs updating, the current market rent after improvements is estimated to be $1000 per unit, offering significant potential for increased revenue. Unit B just had new heat and air installed, which comes with a 5 year parts warranty and 2 year labor warranty.