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453 S Laurel Road

London, KY 40744
  • $4,400,000
  • STATUS: Active
  • ON SITE: 80 Days
  • MLS #: 23022844
UPDATED: 59 min ago
$4,400,000
  • 0
    BEDS
  • 4.99
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1976
County:

School Ratings & Info

Description

Introducing a remarkable investment opportunity in London, KY! This commercial property comprises six roughed-in buildings, with new plumbing and sewer lines. Four of the buildings are roughed in with electric, and one building with HVAC installed. Included in the sale are doors and trim for 16 units, Windows for 26 units, Cabinets for 32 units, Flooring, tile, and backsplash for all 40 units, Electrical and plumbing fixtures for all 40 units, and Bathtubs for all 40 units. Eight units already drywalled, Additional storage with a 40-foot container and a 20-foot container, Plus, butcher block countertops included throughout, Pro Forma Information:Projected rents:2 bed 1.5 baths: $1,275/month x 24 units.3 bed 1.5 baths: $1,395/month x 16 units.Gross income: $635,040 annually.Tenants responsible for all utilities; no common area costs.Opportunity to expand with the potential for another 10-unit building.Low annual taxes of $11,000 and insurance costs at $15,000.

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Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Lake Cumberland Real Estate Professionals Powered By Keller Williams Bluegrass Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
www.buyonlakecumberland.com/homes/145913122
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453 S Laurel Road London, KY 40744

  • Price: $4,400,000
  • Status: Active
  • On Site: 80 Days
  • Updated: 59 min ago
  • MLS #: 23022844
0
Beds
0
Baths
0
½ Baths
4.99
Acres
1976
Built
Neighborhood:
City Limits
County:
Laurel
Area:
Laurel County
Property Description
Introducing a remarkable investment opportunity in London, KY! This commercial property comprises six roughed-in buildings, with new plumbing and sewer lines. Four of the buildings are roughed in with electric, and one building with HVAC installed. Included in the sale are doors and trim for 16 units, Windows for 26 units, Cabinets for 32 units, Flooring, tile, and backsplash for all 40 units, Electrical and plumbing fixtures for all 40 units, and Bathtubs for all 40 units. Eight units already drywalled, Additional storage with a 40-foot container and a 20-foot container, Plus, butcher block countertops included throughout, Pro Forma Information:Projected rents:2 bed 1.5 baths: $1,275/month x 24 units.3 bed 1.5 baths: $1,395/month x 16 units.Gross income: $635,040 annually.Tenants responsible for all utilities; no common area costs.Opportunity to expand with the potential for another 10-unit building.Low annual taxes of $11,000 and insurance costs at $15,000.
Exterior Features

Construction Materials BrickVinyl Siding Parking 36 - 55 SpacesOn SitePaved Roof Composition Stories Two

Interior Features

Ceiling Drywall Sprinklers None

Property Features

Business Type Other Current Zoning Residential Lease Type None Possession Close of Escrow Sale Lease Includes BuildingsLand Sewer Public Sewer Tax Rate 8.69 Tenant Pays ElectricitySewerTrash RemovalWater Terms Sale

Bluegrass REALTORS® logo Listing provided courtesy of Bob Sophiea of eXp Realty, LLC: (859) 721-2127 . Listing information © 2024 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Lake Cumberland Real Estate Professionals Powered By Keller Williams Bluegrass Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
 
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