1047 Crescent Avenue, Lexington, KY 40503

$1,080,000
Property Type: Residential Income Bedrooms: 20 Baths: 6 Square Footage: 7,752 Status: Closed
Current Price: $1,080,000 List Date: 9/11/2017 Last Modified: 8/26/2025

Overview

Description

University of KY investment property for sale! 1047, 1103 and 1111 Crescent Avenue - 3 duplexes, each side of each duplex has 4 bedrooms, 3 full baths. Current leases run through July 31, 2018. Monthly income $9,400. These may be purchased individually but Seller prefers to sell as a package.

Listing Details MLS# 1720873

Listing Information

Property Sub Type
Duplex

Status Change Information

Price Change Timestamp
2017-11-03T20:52:23Z
Status Change Timestamp
2017-11-03
Purchase Contract Date
2017-10-13
Close Date
2017-11-03
Close Price
1080000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Fayette
Street Number
1047
Street Name
Crescent
Street Suffix
Avenue
Street Suffix Modifier
1111
State
KY
Zip Code
40503
Directions
Nicholasville Road to Waller Avenue - right on Crescent before the railroad tracks. properties are on the left.
Parcel Number
26285300

Contract

Original List Price
1250000
Start Showing Date
2017-09-10
Listing Contract Date
2017-09-10
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/SqFt
161.25
Sold Price/SqFt
139.32
SP/LP
0.86

Tax Legal

MLS Area Major
004 - Fayette County SW
Subdivision Name
Uk Campus

Interior

Bedrooms Total
20
Bathrooms Total
6
Bathrooms Full
6
Living Area
7752
Bathrooms Half
0

More Information

Parking Information

Parking Total
35

Building

Year Built
2004

Remarks

Public Remarks
University of KY investment property for sale! 1047, 1103 and 1111 Crescent Avenue - 3 duplexes, each side of each duplex has 4 bedrooms, 3 full baths. Current leases run through July 31, 2018. Monthly income $9,400. These may be purchased individually but Seller prefers to sell as a package.

Income and Expenses

Gross Scheduled Income
112800

Tax & Legal

Zoning Description
R-2

Association/Community

Number Of Buildings
3
Number Of Units Total
6

Lot

Lot Size Acres
0
Lot Size Square Feet
0

Parking Features

On Site
Yes
Paved
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Shingle
Yes

Special Listing Conditions

Standard
Yes

Structure Type

Duplex
Yes

Property Features

Parking Features: On Site; Paved Possession: Subject To Tenant Rights Roof: Shingle Special Listing Conditions: Standard Structure Type: Duplex
Listing Office: Bluegrass Sotheby's International Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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