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435 N Martin Luther King Boulevard, Lexington, Kentucky

$369,9005 Beds3 BathsActive

435 N Martin Luther King Boulevard, Lexington, Kentucky 40508
- MLS® ID: 1802949

Property Details

435 N Martin Luther King Boulevard, Lexington, Kentucky 40508 - Well maintained Tri-Plex in the transforming downtown area. Newer roof, replacement windows, remodeled kitchen & baths, and hardwood floors. First floor unit has a large covered front porch on the front, and deck out back. Features 2BD/1BA, original french doors, and two family room areas. Second floor can be accessed by the front exterior stairs or the back. Nice large family room area, 2BD/1BA, nice kitchen, and second story deck off back. 3rd floor is accessed by the front exterior stairs. This is more of a studio and has a full bath. Currently used as a Airbnb and is bringing in better income then long term rentals. 1st and 2nd floor rent for $1,000 a month, and 3rd floor Airbnb is averaging $1,035 (trending to increase). 1st and 2nd floor units always rent same day. This tells me rents can go up if new owner chooses. Nice alley way in the back for off street parking, and backyard is fully fenced. If you're looking for a nice solid investment property this ONE is it!!!

Amenities

  • Zip40508
  • CountyFayette
  • SQFT2947
  • Bedrooms5
  • Full baths3
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeR-3
  • School districtFayette County
  • Elementary schoolWilliam Wells Brown
  • Junior highLexington Trad
  • High schoolFrederick Douglass
  • Year built1890
  • Lot size8551.00
  • Parking1 - 5 Spaces
  • MLS® ID1802949

Listing Courtesy of Weesner Properties, Inc.

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