1036/1038 Millcreek Court, Lexington, KY 40517

$5,800,000

Property Type: Residential Income Bedrooms: 6 Baths: 4 Lot Size (sq. ft.): 12,977 Status: Closed

Current Price: $5,800,000 List Date: 12/06/2024 Last Modified: 8/29/2025

Overview

Description

Multi Family Package Deal all in Fayette County! 42 Doors, 35 Properties - $143,214/door 7 Duplexes - Millcreek Court (1036/1038, 1029/1031, 1037/1039, 1033/1035, 1045/1047, 1040/1042, 1041/1043) 27 Townhomes on Appian Way /Reva Ridge/ Arbor Drive/ Point Court Appian Way (11 units) - 3646, 3648, 3650, 3652, 3640, 3642, 3644, 3654, 3656, 3658, 3660 Point Court (9 units) - 2800, 2802, 2804, 2806, 2808, 2810, 2812, 2814, 2816 Reva Ridge (3 units) - 1205,1207,1209 Arbor Drive (4 units) - 3699, 3695, 3697, 3693 1 Condo - 3696 Arbor Drive Unit 1 Tenants pay all utilities, 5 leases on 1 yr and remaining on month to month Reach out for more information

Listing Details MLS# 24025274

Listing Information

Comp Sale YN: No
Property Sub Type: Duplex

Status Change Information

Status Change Timestamp: 2025-02-27
Purchase Contract Date: 2024-12-23
Close Date: 2025-02-27
Close Price: 5800000
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: N/A

Address

County: Fayette
Street Number: 1036/1038
Street Name: Millcreek
Street Suffix: Court
State: KY
Zip Code: 40517
Directions: Armstrong Mill, Right on Appian Way, Right on MillCreek, left on Millcreek Court
Parcel Number: 15391857

Contract

Original List Price: 6015000
Start Showing Date: 2024-12-06
Listing Contract Date: 2024-12-06
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 20191339.38
Sold Price/Acre: 19469620.68
SP/LP: 0.96

Tax Legal

MLS Area Major: 003 - Fayette County SE
Subdivision Name: Millcreek
High School District: Fayette County - 1

Interior

Bedrooms Total: 6
Bathrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: 2

More Information

Parking Information

Parking Total: 56

Building

Year Built: 9999

Lot

Lot Size Acres: 0.2979
Lot Size Square Feet: 12977

Remarks

Public Remarks: Multi Family Package Deal all in Fayette County! 42 Doors, 35 Properties - $143,214/door 7 Duplexes - Millcreek Court (1036/1038, 1029/1031, 1037/1039, 1033/1035, 1045/1047, 1040/1042, 1041/1043) 27 Townhomes on Appian Way /Reva Ridge/ Arbor Drive/ Point Court Appian Way (11 units) - 3646, 3648, 3650, 3652, 3640, 3642, 3644, 3654, 3656, 3658, 3660 Point Court (9 units) - 2800, 2802, 2804, 2806, 2808, 2810, 2812, 2814, 2816 Reva Ridge (3 units) - 1205,1207,1209 Arbor Drive (4 units) - 3699, 3695, 3697, 3693 1 Condo - 3696 Arbor Drive Unit 1 Tenants pay all utilities, 5 leases on 1 yr and remaining on month to month Reach out for more information

Income and Expenses

Gross Scheduled Income: 439800

Unit Details

Number Of Units Vacant: 2

Tax & Legal

Elementary School: Millcreek
Middle Or Junior School: Tates Creek
High School: Tates Creek
Tax Rate: 1.2583
Zoning Description: Residential

Association/Community

Number Of Units Total: 42

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Covered: Yes
Open: Yes
Other: Yes

Possession

Close Of Escrow: Yes

Roof

Composition: Yes
Shingle: Yes

Structure Type

Duplex: Yes
Multi Family: Yes
Other: Yes

Property Features

Listing Terms: Cash; Conventional Parking Features: Covered; Open; Other Possession: Close Of Escrow Roof: Composition; Shingle Structure Type: Duplex; Multi Family; Other

Listing Office: The Brokerage

Last Updated: August - 29 - 2025

Information deemed reliable but not guaranteed.