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About This Home

This 8-bedroom, 8-bathroom residential multi family at 1640 Nicholasville Road in Lexington, KY is listed for $775,000 ($189 per sqft). Built in 1985, the home offers 4,097 sqft of living space on a 0.69 acres lot.

Agent 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.

Key Features

  • Built in 1985
  • 0.69 acre lot
  • 3 stories

Property Details

3 stories
8 full
1985

Amenities

A/C

Monthly Cost Estimate

$4,145/mo

20% down · 6.5% · 30 years

Principal$560
Interest$3,358
Insurance$226

Estimates only. Actual payments may vary.

Location

1640 Nicholasville Road

Lexington, KY 40503

Commercial

Property Details

Heating

Heat Pump (Heating)Natural Gas

Cooling

Central AirElectricHeat PumpCeiling Fan(s)

Questions & Answers

This 8-bedroom, 8-bathroom residential multi family at 1640 Nicholasville Road is listed at $775,000 ($189/sqft). The estimated monthly payment is $3,358 based on 20% down at 6.5% interest.

Key features include: Built in 1985, 0.69 acre lot, 3 stories.

This property is listed by Jon Bentley and can be reached at 5025428041 or jonbentley@kw.com.

JB

Jon Bentley

Agent at Keller Williams Commonwealth

(502) 542-8041

Listed by Keller Williams Commonwealth

MLS# 26007439· Source: listhub· Updated 1 days ago

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1640 Nicholasville Road, Lexington, KY 40503

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