1988 Fair Oaks Dr

Lexington, KY 40504 View Map $229,000 Schedule a Tour
Beds4
Baths2
Sq.Ft.1,600
Year1960
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Joe Hayden

Joe Hayden

(502) 992-4291
 
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Status: Pending
Property Type:Multi-Housing
MLS #:24010543
Sq. Feet:1,600
On Site:30 Days
Lot Size:0.17 Acres
County:Fayette
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.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
6/3/2024$235,000$229,000-2.6%

Community Information

Address:1988 Fair Oaks Dr, Lexington, KY 40504
Area:004 - Fayette County SW
County:Fayette
Subdivision:Gardenside
Zip Code:40504

School Information

School System:Fayette County - 1
High School:Lafayette
Middle School:Beaumont
Elementary School:Lane Allen

Architecture

Bedrooms: 4
Bathrooms: 2
Year Built:1960
Style:Duplex
Roof: Shingle
Parking: 1 - 5 Spaces

Features / Amenities

Heating: Forced Air
Cooling: Electric

Property Features

Lot Size: 0.17 Acres
Lot Dimensions:60 x 120
Utilities: Sewer Connected, Water Connected
Zoning:R-2
Directions:New Circle to Inbound Versailles Road, Right on Alexandria Dr, Left on Roanoke Rd, Right on Fair Oaks, Duplex on Right

Tax and Financial Info

Available Documents: Sellers Disclosure Of Property Condition

Schools

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1988 Fair Oaks Dr Lexington,  KY 40504
GO SEE THIS LISTING
1988 Fair Oaks Dr Lexington, KY 40504
 
ASAP
Mon
24
Jun
Tue
25
Jun
Wed
26
Jun
Thu
27
Jun
Fri
28
Jun
Sat
29
Jun
Sun
30
Jun
Choose Your Date -- It's Free, Cancel Anytime
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Listing Information Last Updated 6/23/2024
Listing provided courtesy of United Real Estate Bluegrass.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than RE/MAX Properties East are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.