828 Malabu Dr. #112, Lexington, KY

This property is located in Lexington, Kentucky and is one of MetroShares first investments.  This is a 1 Bedroom / 1 Bathroom newly renovated condominium, which was bought FSBO.  The condo was renovated in 2008 and has full kitchen and bathroom, tile floors throughout, and large master suite.

What we did
  • Full paint job (JAN 2013)
  • Complete bathroom remodel  (2008)
  • Complete kitchen remodel (2008)
  • All new appliances (2008) Replace Microwave (Mar 2013)
  • New tile throughout (FEB 2013)

Investor Details

Purchased price- $53,000

Total approx. renovations investment- $200

Currently Lease: Exp. March 2014 at $525/month

Current Insurance & Tax expense:  $65

HOA Monthly Fee:  $95

Approx ROI: 9.6%

828 Malabu Dr. #112, Lexington, KY

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Additional Malabu Photos