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Lexington, KY 40508
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2BR Full Renovation with Structural Value-Add Potential
This 2 bed, 1 bath property requires a full cosmetic renovation. The kitchen and bathroom will need complete remodels, and flooring replacement is needed throughout. Some joists and structural components require buyer due diligence. There is currently no HVAC system in place, allowing investors to design and install new mechanicals as part of the renovation plan.
Also located in Lexington, this property can be purchased individually for $75,000 or as part of a package deal with 317 Race Street for $150,000 total. The ability to acquire two renovation projects in the same market creates operational efficiency and added long-term upside.
Commission
Commission Offered
This opportunity in Lexington, KY is offered at an asking price of $78,750 as shown on the card. After repair value (ARV) is shown as about $100,000, which implies a gross spread of roughly 21.3 percent off ARV if you use the list price and this ARV as-is. Treat that as a first-pass screen, not a comp confirmation. The property is described with 2 bedrooms, 1 bathroom, 742 square feet. Tour or pull rent rolls if the asset is occupied so your rehab scope and lease assumptions match the real layout. Rehab is tagged as “cosmetic.” In practice, you should open walls and verify every major system, because tags rarely capture the full story on a wholesale lead. Occupancy is noted as “Vacant.” If anyone is in place, schedule access carefully, align showings with local rules, and underwrite for rental income or a formal vacancy path before you take assignment. The list is marked Wholesale—use that to frame exit math (flip spread, fee for wholesale, or long-term DSCR if the plan is a rental hold). The structure is represented around 1900; older vintages can hide lead, cast iron, and foundation work—budget a contingency. Verified seller contact is available on the listing, which speeds diligence once you are serious. Verify ARV, repair scope, access, and title with your own people before you rely on any line in this write-up. Nothing here is a guarantee of value or condition.
Timeline
Posted · Updated
Strategy: Wholesale



