234-236 Simba Way, Lexington, KY 40509

Property Description

An investor's dream! This Lexington duplex has immediate cash flow and value add potential. Each unit has 3 bedrooms and 2 full bathrooms. Unit 234 has been completely remodeled and is ready to rent at a premium market rate. It has modern interior finishes including new kitchen & appliances, fresh paint, new luxury vinyl flooring, new carpets upstairs, new light fixtures & plumbing fixtures, and new door hardware. Unit 236 is tenant occupied with current month to month rent at $900. Home has been approved HAP (section 8). Lease is due to be renewed - tenant would like to stay. Continue renting with existing tenant or renovate the other side to bring up to market rent. Exterior updates include a newly refinished deck, new light fixtures out front, newer exterior back doors; newer HVAC & water heater at 234 side. No HOA fees! Buy this property-live in one side and rent out the other.