1640 Nicholasville Rd, Lexington, KY 40503

$775,000
8
BD
8
BA
4,097
SqFt

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List Price
$775,000
MLS#
26007439
Status
PENDING
Type
Multifamily
City
Lexington
Area
003 - Fayette County SE
County
Fayette
Bedrooms
8
Bathrooms
8
Living Area
4,097
Lot Size
29,969
Year Built
1985

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

Acres
0.69
Living Area
4,097
Region
003 - Fayette County SE
Subdivision
Commercial
Utilities
Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Zoning
Other

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Commonwealth.