113 Southpoint Drive Lexington KY 40515


Year Built:  1978

Square Footage:  2128 plus 820 finished basement

Bedrooms:  4

Bathrooms:  2 1/2

Floors:  2 plus basement

Parking:  Garage / Driveway

Lot Size:  0.2663 acres

Asking Price:  $143,000 starting bid

PVA Tax Assessment:  $186,100

After Repair Comp Value:  $225,000

Another great deal from Bluegrass  Investment Properties.  This  property can be your next flip project.  Our deals typically don't stay  available for more than just a  few hours.  If you are a serious  investor, you should call now for an  inspection!  Call Clark @ (859)  321-6618

A  great investment opportunity in Southpoint subdivision.  A 4 bed, 2 1/2  bath split foyer with a walk-up basement and a two car attached garage.  Immediate access to Nicholasville Road creating an easy path to Man O War, Nicholasville, Fayette Mall and The Summit at Fritz Farm.

I will be holding an OPEN HOUSE on Friday, February 9th from 2-4 pm.  An open bid process will take place at the same time.

 After Repair Value = $225,000

 Purchase Price = $143,000
 Rehab = $35,000 (Flooring, Paint, Misc. Repair/Upgrade)
 Closing = $2,860 (2% Purchase Price)
 Total Investment = $180,860
 Spread = $44,140

 Holding Cost = $5,426 (Based on 90 day sale @1% per month)
 Real Profit = $38,714

Disclaimer: Please   do your own due diligence.  House is being sold as-is, and buyer is to   pay all closing costs.  Price based on a cash or hard money offer.   All  properties offered are either owned by Bluegrass Investment  Properties  LLC, under contract and selling equitable interest, or  offered in  conjunction with a business associate.  All offers on  properties require  proof of funds, $2,000 non-refundable earnest  deposit and 10 day close  of escrow.  No waiting for a response.  We  respond immediately to an  offer.