2 Bedroom Investor Bargin in Downtown Lexington

Ref # - 1009

Location - Lexington, Kentucky

Bathrooms - 1

Bedrooms -2

Square Foot - 1,044

Property Price - $48,000

Property Listing Title - 2/1 Home

Description - It's 1,044 sq.ft. and sits near some huge, historic brick homes and mansions.

My business partner and I will be closing on this property on Friday. It's a nice, older 2/1 home in a cool downtown neighborhood.

However, we have a few other projects we want to focus on, so we'd like to pass this off to another investor ASAP.

Here's our plan:

Put $25,000 into renovation. Needs new HVAC, paint, lighting, add a second bath, add a deck on back, IKEA kitchen cabinets, expose brick, sand floors, etc. Make it look high-end and trendy. We'll give you all our ideas if desired!
Price to sell for about $105k. Yes, there are tons of comps to support this! FYI, we're renovating 642 Bellaire which should sell for around 120k.
$105k - $25k costs - $48k purchase - $7k closing costs = $25 profit!

Drive by and have a look! It's 1,044 sq.ft. and sits near some huge, historic brick homes and mansions.