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London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale

1640 Nicholasville Road, Lexington, KY 40503

$775,000
  • 1640 Nicholasville Road, Lexington, KY 40503 Main Photo

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New to the Market Active
BEDS8 BATHS8 full SQUARE FEET4,097 MLS#26007439
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCommercial SCHOOLFayette County - 1

Property Description

Rare investment opportunity in a prime Lexington location! This updated 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.

1640 Nicholasville Road | MLS# 26007439

This multi-family property located at 1640 Nicholasville Road, Lexington, KY 40503 is currently listed for sale with an asking price of $775,000. Nicholasville Road is located within the Fayette County - 1 school district. Search Lexington real estate on online.salliedavidsonrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump
Fuel Type: Gas
Heating: Heat Pump, Natural Gas
Lot Size: 0.69 Acres
Roof Type: Shingle
Year Built: 1985

Feature Descriptions

Days on Site: 1
HOA Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Trash, Water
Laundry: Common Area
Laundry Features: Common Area
Lot Dimensions: 0.688 acre(s)
Parcel #: 10028140, 10028150, 10028160, 10028170
Parking Notes: On Site, Paved
Structure Type: Quadruplex
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Local Schools

High School: Lafayette
Middle School: Mary E Britton
Elementary School: Glendover
School District: Fayette County - 1

Listed By / Shown By

Listed By

Agency Name: Keller Williams Commonwealth

Shown By

Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000

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Estimated Payment

$ 3,010.12 per month $2,784.08 Principal & Interest $0.00 Property Tax (data not provided by mls) $226.04 Homeowner's Insurance

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