1218 Winburn Drive, Lexington, KY 40511

$775,000
Property Type: Residential Income Status: Closed
Current Price: $775,000 List Date: 1/06/2012 Last Modified: 8/26/2025

Overview

Description

73 Units, a.k.a 1760 McCullough/a.k.a 1740 McCullough. 37 Two Bedroom units, and 36 One Bedroom units.

Listing Details MLS# 1200307

Listing Information

Property Sub Type
Apartment

Status Change Information

Price Change Timestamp
2012-05-02T14:35:18Z
Status Change Timestamp
2012-05-02
Purchase Contract Date
2012-04-01
Close Date
2012-04-26
Close Price
775000
Buyer Financing
Conventional

Address

County
Fayette
Street Number
1218
Street Name
Winburn
Street Suffix
Drive
State
KY
Zip Code
40511
Directions
Russell Cave Outbound to Winburn
Parcel Number
16786851

Contract

Original List Price
999000
Start Showing Date
2012-01-05
Listing Contract Date
2012-01-05
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
SP/LP
0.78

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Winburn Estates

Parking Information

Parking Total
56

More Information

Building

Year Built
1969

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes

Remarks

Public Remarks
73 Units, a.k.a 1760 McCullough/a.k.a 1740 McCullough. 37 Two Bedroom units, and 36 One Bedroom units.

Building and Property Details

Laundry SqFt
1617

Income and Expenses

Accounting, Legal & Collections Expense
3000
Advertising License & Permit Expense
500
Cash Flow Before Tax
55000
Credit and Vacancy Losses
18000
Electric Expense
28000
Gross Income
320000
Gross Operating Income
180000
Gross Scheduled Income
376320
Insurance Expense
12600
Janitorial Services Expense
1000
Lawn Services Expense
3700
Maintenance Expense
15000
Net Operating Income
140000
Operating Expense
180000
Other Contract Labor
1000
Personal Property Taxes
2100
Professional Management Expense
23000
Real Estate Taxes
13000
Taxes, Work Comp
1200
Trash Expense
2700
Water Sewer Expense
25500

Unit Details

Number Of Units Vacant
22

Tax & Legal

Tax Rate
1.1191
Zoning Description
R-4

Association/Community

Number Of Units Total
72

Interior

Bathrooms Half
0

Lot

Lot Size Acres
0
Lot Size Square Feet
0

Association Amenities

Coin Laundry
Yes

Cooling

Electric
Yes

Heating

Electric
Yes
Heat Pump
Yes
Natural Gas
Yes

Possession

Close Of Escrow
Yes

Roof

Shingle
Yes

Special Listing Conditions

Standard
Yes

Structure Type

Multi Family
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected Association Amenities: Coin Laundry Cooling: Electric Heating: Electric; Heat Pump; Natural Gas Possession: Close Of Escrow Roof: Shingle Special Listing Conditions: Standard Structure Type: Multi Family
Listing Office: RE/MAX Creative Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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