Profit on Preakness - Lexington, KY, 40516

Fayette County, Lexington, KY, 40516
Sold
Listed at: May 8th, 2024
Price
$205,000
ARV
$270,000
Gross Margin
$65,000
Sq. Footage
1636
Type
Townhouse
Parking
Unassigned
Year build
2001
Lot size
0.10 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
1
Summary

Details:

  • 4bd/2.5ba with 1693 sqft
  • Built in 2002
  • Owner Occupied
  • Closing on or before 06/21/24
  • Market Rent: $1,800.00
  • Current Rent: N/A
  • Flip for Peak Market Time!!!

ARV is $270,000 based on the following comps:

 

  • 344 Preakness Drive in Lexington, KY, 40516 is a Renovated 1772 SqFt, 4 Bed / 3 Bath that sold for $272000 on 6/15/2023 ($153.5 per SqFt)
  • 423 Sandalwood Dr in Lexington, KY 40516 is a Renovated 1862 SqFt, 4 Bed / 2 Bath that sold for $274,900 on 2/20/2024 ($147.63 per SqFt)
  • 220 Ellis Park in Lexington, KY 40516 is a Renovated 1659 SqFt, 3 Bed / 3.5 Bath that sold for $292,500 on 6/16/2023 ($176.31 per SqFt)

Repairs:

 Roof: No known issues, original

HVAC: Brand new

Flooring: Hardwood, small repairs or replace

Kitchen: Needs update

Bathroom: Could update

Windows: No known issues

Foundation: Slab no known issues

Other: Solid house, prime to flip!

 

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

No reviews

Disposition manager