REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 775,000
Active
1640 Nicholasville Road Lexington, KY 40503
8 Beds
8 Baths
4,097 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,097 sqft
Price per Sqft $189
Subdivision Commercial
MLS Listing ID 26007439
Bedrooms 8
Full Baths 8
Year Built 1985
Lot Size 0.688 Acres
Acres 0.69
Property Sub-Type Quadruplex
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.
Location
State KY
County Fayette
Zoning Other
Interior
Heating Heat Pump, Natural Gas
Cooling Ceiling Fan(s), Central Air, Electric, Heat Pump
Exterior
Parking Features On Site, Paved
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Schools
Elementary Schools Glendover
Middle Schools Mary E Britton
High Schools Lafayette
Listed by Keller Williams Commonwealth
GET MORE INFORMATION
Follow Us