Downtown Lexington income property producing over $103, 000 in 2024 and projected to exceed $111, 000 in 2025! Built in 2016, this 5-unit multifamily offers modern construction, low maintenance, and strong rental demand in one of Lexington's most desirable areas. Each unit features a 1-bed/1-bath layout with full kitchen and bath — ideal for long-term tenants or short-term rental flexibility. With a 2024 gross income of $103, 455 and 2025 projections approaching $111, 000, the property delivers an estimated 7% cap rate at the current list price of $1, 120, 000. All five units are leased, including one performing well as a short-term rental. Tenants love the walkability to Rupp Arena, the University of Kentucky, downtown restaurants, and major employers. Zoned B-2A, this property provides flexibility for mixed use and continued appreciation in the downtown corridor. A true turn-key investment combining reliable cash flow, location, and long-term growth potential. Highlights: • 5 Units | 5 Beds | 5 Baths | 2, 772 SF Total | Built 2016 • 2024 Gross Income: $103, 455 | 2025 Projected: $111, 455 • Estimated NOI: $78, 000+ | 7% Cap Rate at $1.12M • Prime Downtown Location — Walk to Rupp & UK • Zoned B-2A | Low-Maintenance Modern Construction
