Sweet Deal off Russel Cave - Lexington, KY, 40511

Fayette County, Lexington, KY, 40511
Sold
Listed at: April 15th, 2024
Price
$100,000
ARV
$275,000
Gross Margin
$175,000
Sq. Footage
1896
Type
Single-Family
Parking
Unassigned
Year build
1992
Lot size
1.00 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

Details:

  • 4bd/2ba with 1896 sqft
  • 1 Acre lot
  • Built in 1992
  • Vacant
  • Closing on or before 04/30/24
  • Market Rent: No comparables
  • Current Rent: vacant
  • Full Rehab for Big Profit

ARV is $275,000 based on the following comps:

 

  • 2761 Ferguson Rd. is a 4-2 with 1973 sqft that sold for $255,000 on 4/28/23
  • 6614 Russel Cave Rd is a 3/1 with 1950 sqft that sold for $275,000 on 1/13/23
  • 1273 Hawkins Cummins is a 3/2 with 1973 sqft that sold for $330,000 on 2/5/24

Repairs:

  • Roof: No known issues
  • HVAC: Needs to be replaced
  • Flooring: Needs complete update
  • Kitchen: Needs complete update
  • Bathroom: Needs complete update
  • Windows: Recommend replace
  • Foundation: Buyer due diligence
  • Water Heater: Needs replaced
  • Other: Full rehab with great profit potential

These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Andy Klunder

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Disposition manager