Income Opportunity - Downtown Lexington

Auction Date: Sunday, May 19, 2024 06:00 PM

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AUCTION

650 S. Mill Street #314

Lexington, KY 40508

Fayette County

SOLD - $275,000.00

PENDING!  AUCTION HAS BEEN CANCELLED!

CLICK HERE FOR BIDDING LINK

Offered at public auction - this amazing income opportunity features a customized unit with 2 bedrooms, 1 full bath, & 1 assigned parking space in garage.  Unit 314 was changed after purchase to achieve 2 private bedrooms, doors & wall height was changed from the original open walls.  Granite counter tops, bathroom & shower redone with new doors (June 2023).  Buyer is responsible for $1600 capitalization fee to the HOA at closing, as well as a $295 administration fee to AMS Kentucky (management company) and a monthly HOA fee of 283.94/monthly (includes water & sewer).

Tenant occupied with the lease ending on June 30, 2024.

Pre-auction offers are invited under the same auction terms and conditions until a bid has been accepted.

Terms & Conditions are as follows: As Is/Non-Contingent/10% earnest money deposit/30-day settlement/10% buyer's premium added to all bids/offers/Subject to Seller confirmation.

Open House Information:

Public Preview will be held on Saturday, May 11, 2024 from 1:00 pm to 3:00 pm or by appointment.

Directions:

Avenue of Champions to S. Upper Street. Street parking only. If you park in the parking garage, do so at your own risk.

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