509 West Third Street $530,000

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    509 West Third Street Lexington, KY 40508

    Closed
    SOLD 2/21/2022

    $530,000

    Market Estimate
    • 5 Beds
    • 4 Baths
    • 3,585 sq. ft.
    • Single-Family
    • MLS# 22000838
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    Property Details

    Description

    Walking distance to Transylvania, this Quadplex income property yielding $43,488/year is your 2022 investment opportunity. It's a 2-story home, zoned R-2, converted to a quadplex. All units are currently rented. Each plex offers 1 car detached partially covered garage with opener; and each unit also has a washer/dryer to convey with the sale.Three of the units are 1-bedroom and the 4th unit is a 2 bedroom; all units have 1 full bath. Numerous repairs were completed in April 2021. Your new investment opportunity eagerly awaits its new investor.

    • General Features
      • Area 001 - Fayette County NW
      • Subdivision Downtown
      • County Fayette
      • Year Built 1920
      • Property Sub Type Single Family Residence
    • Building Features
      • Appliances Dryer, Refrigerator, Washer
      • Basement Crawl Space
      • Basement: Basement No
      • Bedrooms 5
      • Exterior Features Porch
      • Fencing Partial
      • Finished Area Total 3,585
      • Flooring Hardwood, Other, Vinyl
      • Foundation Details Block
      • Bathrooms 4.00
      • Full Bathrooms 4
      • Half Bathrooms 0
      • Heating Electric, Natural Gas
      • Interior Features Ceiling Fan(s), Dining Area, Eat-in Kitchen, Entrance Foyer, Entrance Foyer - 2 Story
      • Laundry Features Main Level, Washer Hookup
      • Living Area Total 3585
      • Levels One
      • Roof Composition, Flat
      • Water Source Public
      • Window Features Blinds
    • Property Features
      • Lot Size Acres 0.08
      • Garage Yes
      • Sewer Public Sewer
    • Schools
      • School District Fayette County - 1
      • Elementary School Picadome
      • Intermediate School Not Applicable
      • High School Lafayette
      • Middle or Junior School Jessie Clark

    Neighborhood

    40508 (Lexington) Demographics

    23 Median Age
    6,044 Population Density (per sq. mile)
    36% College Educated
    $25,758 Estimated Median Income
    2,287 Estimated Total Home Owners
    7,161 Estimated Total Renters
    24% / 76% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    25,766 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $270,000 Median Sales Price
    35 Homes Sold
    18 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        2/21/2022 3:00:00 AM Sold Source: Multiple Listing Service New Value: $530,000
        1/29/2022 10:31:44 AM Status Changed Source: Multiple Listing Service New Value: Pending

        Home Valuation

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        © 2022 LBAR Multiple Listing Service. All Rights Reserved.
        The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Rector Hayden Realtors are marked with the IDX logo or the IDX thumbnail logo, and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.