301 Burley Ave., Lexington, KY 40503

FOR SALE
  • $3,900,000
  • 152 Days on site
  • Beds: 4
  • Baths: 3 Full
  • Townhouse/Townhome
  • 1,364 sq ft
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Description

22 one year new town homes located just a short walk from the edge of the University Of Kentucky Campus. All of the town homes are expected to be leased starting August 1, 2014. 100% occupancy rate in 2013. All are 4 bedroom town homes generating approximately $1,700 per month cash flow ($425 per bedroom). They offer extremely nice affordable housing very close to campus with no need to drive to campus. 9% gross return on investment. Appraisal on file. 6 street lights located on the property for additional security. Laminate flooring in the kitchen-living room, tile flooring in all baths, all kitchen appliances plus washer-dryer are included. Mold resistant drywall utilized during construction. No for sale sign on property.

  • MLS ID# 1409655
  • Year Built: 2013
  • 152 Days on site
  • Townhouse/Townhome
  • Beds: 4
  • Baths: 3 Full

Listing Details

Lot Size
Approximately 1.3 Acres, Approximately 56628 Square Feet
Roof
Shingle Roof

Local Info

Population
29,889
Median Household Income
$62,917
Median Years In Residence
8
Median Homeowner Age
38
Households with Children
40.32%
Percent of Homes Rented
25.10%

Nearby Elementary Schools

319 S Broadway Park
1642 Harrodsburg Rd
400 Lafayette Pkwy

Nearby Primary Schools

701 E Main St

Nearby Middle Schools

1305 Audubon Ave
400 Lafayette Pkwy
115 Cisco Rd

Nearby High Schools

401 Reed Ln
1800 Harrodsburg Rd
115 Cisco Rd

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Mortgage Rates

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Property Contact Info

Listing Provided By: RE/MAX Creative Realty
(859) 422-2000
Listing Agent: Greg Edmondson

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