388 Redding Road, Lexington, KY 40517

Lexington
Local realty services provided by:Better Homes and Gardens Real Estate Fern Leaf Group
388 Redding Road,Lexington, KY 40517
$999,900
  • 16 Beds
  • 8 Baths
  • 7,300 sq. ft.
  • Multi-family
  • Active
Listed by: iris todd
Office: bluegrass property exchange
MLS#:26007953
Source:KY_LBAR

Price summary

  • Price:$999,900
  • Price per sq. ft.:$136.97

About this home

Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

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Home facts

  • Year built:1978
  • Listing ID #:26007953
  • Added:72 day(s) ago
  • Updated:June 26, 2026 at 02:58 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Full bathrooms:8
  • Living area:7,300 sq. ft.

Heating and cooling

  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1978
  • Building area:7,300 sq. ft.
  • Lot area:0.27 Acres

Schools

  • High school:Tates Creek

Finances and disclosures

  • Price:$999,900
  • Price per sq. ft.:$136.97
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