1640 Nicholasville Road,Lexington, KY 40503
Lexington, KY 40503
Description
Rare investment opportunity in a prime Lexington location! This 4-unit apartment complex is ideally situated next to Central Baptist Hospital and just over a mile from the University of Kentucky, offering strong rental demand and excellent convenience. Each of the four units features 2 bedrooms and 2 full baths, with spacious living rooms that provide comfortable gathering space and an ample kitchen with plenty of cabinet storage, making each unit highly desirable for tenants. All units are located on the third floor of a professional office building, offering added privacy and a unique mixed-use setting. The property includes a common laundry area with coin-operated machines, as well as both elevator and stair access for ease of entry. Tenants will also appreciate the onsite paved parking lot, a valuable amenity in this highly sought-after area. With updated interiors, generous living spaces, and a fantastic location, this property is perfect for investors looking to expand their portfolio with a low-maintenance, income-producing asset. **This is only the 4 condos on the top floor, this is not for the entire building **
Details
| MLS # | 26007439 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Contingent |
| Year | 1985 |
| Days On Site | 60 |
| Listing Provided By | Keller Williams Commonwealth | Jon Bentley |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 4,097 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | Other |
| Acreage | 0.69 |
Interior
| Cooling | Ceiling Fan(s), Central Air, Electric, Heat Pump |
|---|---|
| Heating | Heat Pump, Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Paved |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|
Area Information
| State | KY |
|---|---|
| County | Fayette |
| City | Lexington |
| Zip Code | 40503 |
| Area | 003 Fayette County SE |
| Subarea | Fayette County SE |
| Community Name | Commercial |
| School District | Fayette County |
| Elementary School | Glendover |
| High School | Lafayette |
| Listing VS Median (in Commercial) | |
Price: $775,000 low | high Med: $20,000 sqft: 4,097 low | high Med: 18,700 $ / sqft: $189 low | high Med: $1 On site: 60 low | high Med: 139 | |
Market Activity 40503
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Learn More About This Property
| State | KY |
|---|---|
| County | Fayette |
| City | Lexington |
| Zip Code | 40503 |
| Area | 003 Fayette County SE |
| Subarea | Fayette County SE |
| Community Name | Commercial |
| School District | Fayette County |
| Elementary School | Glendover |
| High School | Lafayette |
| Listing VS Median (in Commercial) | |
Price: $775,000 low | high Med: $20,000 sqft: 4,097 low | high Med: 18,700 $ / sqft: $189 low | high Med: $1 On site: 60 low | high Med: 139 | |
