2169 Cypress Dr Lexington, KY 40504

Terrific income on this 8-unit apartment building and the one next door at 2163 Cypress Dr. Both are 100% occupied and listed for $300,000 ea. Sellers prefer to sell both. Gross annual income for both buildings combined is $76,500 per year. Income and expense statement available. Each bldg has a common washer/dryer for tenants (coin operated). On site maintenance man is tenant who makes repairs in exchange for rent. Both buildings have been recently updated with the following: New windows throughout (double hung, double pane, argon gas filled, e-coated, high efficiency), new air conditioners, all baths have been retiled around the tubs, and many units have new American Standard Cadet Series faucets, landscaping improvements, new doors. Owner states improvements cost in the neighborhood of $100,000, which included some foundation stabilization to the front left corner of 2163 Cypress. Individual utility meters. Tenants pay own utilities.