1640 Nicholasville Rd, Lexington, KY 40503
- $775,000
- 8
- BD
- 8
- BA
- 4,097
- SqFt
- List Price
- $775,000
- Status
- PENDING
- Days on Market
- 47
- MLS#
- 26007439
- Subtype
- Residential Income
- Year Built
- 1985
- Bedrooms
- 8
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 4,097
- Lot Size
- 29,969
- Acres
- 0.69
- Subdivision
- Commercial
- Neighborhood
- 003 - Fayette County SE
- MLS Area Major
- 003 - Fayette County SE
Property 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 **
Additional Information
- Zoning
- Other
- Heating
- Heat Pump, Natural Gas
- Air Conditioning
- Central Air, Ceiling Fan(s), Electric, Heat Pump
- Roof
- Shingle
- Parking Features
- On Site, Paved
- School District
- Fayette County - 1
- Elementary School
- Glendover
- Middle School
- Mary E Britton
- High School
- Lafayette
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Listing courtesy of Jon Bentley of Keller Williams Commonwealth.