300 Codell Drive Dr, Lexington, KY 40509
- $550,000
- 8
- BD
- 4
- BA
- 3,456
- SqFt
- Sold Price
- $550,000
- List Price
- $575,000
- Closing Date
- Jun 02, 2025
- MLS#
- 25000601
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 3,456
- Lot Size
- 14,810
Property Description
Don't miss out INCREASED ROI AND NEW REDUCED PRICE!! Fully renovated 4-unit property, ready to start generating income right away! This turnkey gem boasts fresh updates throughout, including all new windows, sliding glass doors, and a brand-new roof installed in May (with a transferable warranty). The property also features a freshly paved driveway, giving it excellent curb appeal. Each of the four spacious units is a 2-bedroom, 1-bath layout, all newly renovated and currently occupied. With rents currently below market value, there's huge potential for growth. Here's the breakdown: Unit 1: $970/month Unit 2: $1,100/month Unit 3: $1,000/month Unit 4: $1,150/month That's $4,220 a month in rental income—plus, tenants pay all utilities except for the hallway electric bill! No HOA fees to worry about, either. Rents to increase to a total of $4,300 this Spring! Located in an excellent area, close to a brand-new hospital and easy access to the new circle, this property is perfect for investors looking for a steady stream of income and long-term growth. Act fast—this opportunity won't last long! Previous pending sale failed due to buyers financial inabilities.
Additional Information
- Roof
- Composition
- Elementary School
- Breckinridge
- Middle School
- Crawford
- High School
- Henry Clay
- Subdivision
- Woodspoint
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Listing courtesy of eXp Realty, LLC. Selling Office: .