2251/2253 Alexandria Dr, Lexington, KY 40504

Property Description

Whether you're expanding your portfolio, securing your first income-producing property, or want to "house hack" (subsidize your primary home mortgage with rental income) — this is duplex is a rare opportunity to own in the coveted Garden Springs neighborhood. This all-brick ranch-style duplex offers durability and low maintenance, featuring hard-surface flooring throughout to help minimize ongoing upkeep and turnover costs. Each unit provides a functional layout, and the property sits on a spacious lot with a large backyard — an added feature that supports tenant retention. Conveniently located with quick access to New Circle Road, downtown Lexington, and the University of Kentucky, this property is well-positioned for consistent rental demand. Please allow a minimum of 48-hour notice for all showings. Cash flow. A rare opportunity to own a duplex in Lexington with both sides currently leased — generating immediate cash flow from day one. Ever wanted to live for almost free? One tenant is willing to move out early! Owner-occupants can "house hack" to offset mortgage payments with rental income from the other side of the duplex. Current Repairs: Seller has proactively identified and addressed a few items— including age-appropriate settlement in the stairs and concrete footing. Roof improvements include the installation of new roofing paper and shingles, along with two (2) new roof vents. Closet ceiling updated with new drywall. Interior painting completed. (3/10/2026). Installed 60 ft of 5-inch gutters with two (2) outside box miters. Labor and material included. Professional repairs are paid for and in process, providing added confidence for investors seeking a low-maintenance asset. Other repairs that the seller has scheduled to be completed are: Replacing the fascia and soffit on both units, and replacing 9 windows.