0 Mousas Way, Lexington, KY 40509
Property Type:
Residential Income
Bedrooms:
21
Baths:
14
Square Footage:
1,232
Lot Size (sq. ft.):
2,714
Status:
Closed
Current Price:
$1,112,500
List Date:
2/28/2025
Last Modified:
8/29/2025
Overview
Description
Rare opportunity to own one-third of an entire street in a prime Lexington location just off Richmond Road. This fully occupied 7-townhouse package is a turnkey investment, with tenants paying all utilities and handling their own lawn care.
Each townhouse offers a thoughtfully designed layout, featuring a first-floor bedroom and full bathroom for added convenience. The second floor includes two additional bedrooms, a spacious oversized bathroom, large closets, and a dedicated laundry closet. The location provides easy access to shopping, dining, and major highways, making these townhomes highly desirable for tenants.
With a current rent roll of $7920 per month ($95040 annually) and no vacancies, this investment offers both stability and future growth. The stabilized market rent is projected at $10,850 per month ($130200 annually), providing additional upside potential. A nearby two-townhouse package recently sold for $350,000, further highlighting the value of this offering.
This
...
(Read more)
Rare opportunity to own one-third of an entire street in a prime Lexington location just off Richmond Road. This fully occupied 7-townhouse package is a turnkey investment, with tenants paying all utilities and handling their own lawn care.
Each townhouse offers a thoughtfully designed layout, featuring a first-floor bedroom and full bathroom for added convenience. The second floor includes two additional bedrooms, a spacious oversized bathroom, large closets, and a dedicated laundry closet. The location provides easy access to shopping, dining, and major highways, making these townhomes highly desirable for tenants.
With a current rent roll of $7920 per month ($95040 annually) and no vacancies, this investment offers both stability and future growth. The stabilized market rent is projected at $10,850 per month ($130200 annually), providing additional upside potential. A nearby two-townhouse package recently sold for $350,000, further highlighting the value of this offering.
This is a rare chance to own a substantial portion of a Lexington street
Listing Details MLS# 25003041
Listing Office:
Lifstyl Real Estate
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.
