1969 Cambridge Drive, Lexington, KY 40504

$1,500,000
Property Type: Residential Income Bedrooms: 40 Baths: 20 Square Footage: 3,520 Lot Size (sq. ft.): 9,750 Status: Closed
Current Price: $1,500,000 List Date: 2/20/2025 Last Modified: 8/29/2025

Overview

Description

Great investment opportunity! Selling as a package which includes the following 20 total units. Five 4 plexes, 1969, 1973, 1977, 1981, 2005 Cambridge Drive. There are 20- two bedroom,1 bath units, all have washer/dryer connections and refrigerator and stove, gas furnace and central air. Units are all metered separately. There are two additional listings with that could be purchased with his portfolio that are within 1/2 mile radius of this property also for sale. 12 units at 1904 Cambridge Drive MLS# 24024820 and 10 units at 1921 Oxford Circle. MLS#24024819.

Listing Details MLS# 24024816

Listing Information

Comp Sale YN
No
Property Sub Type
Quadruplex

Status Change Information

Status Change Timestamp
2025-04-08
Purchase Contract Date
2025-03-05
Close Date
2025-03-31
Close Price
1500000
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
$4800 repair

Address

County
Fayette
Street Number
1969
Street Name
Cambridge
Street Suffix
Drive
State
KY
Zip Code
40504
Directions
Versailles Road inbound, Left on Oxford Circle, Right on Cambridge. Properties are on the right.
Parcel Number
115094731, 15094732, 15094733,15094734, 15094728

Contract

Original List Price
1600000
Start Showing Date
2024-11-26
Listing Contract Date
2024-11-26
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
7142857.14
List Price/SqFt
454.55
Sold Price/Acre
6696428.57
Sold Price/SqFt
426.14
SP/LP
0.94

Tax Legal

MLS Area Major
004 - Fayette County SW
Subdivision Name
Cardinal Valley

Interior

Bedrooms Total
40
Bathrooms Total
20
Bathrooms Full
20
Living Area
3520
Bathrooms Half
0

More Information

Parking Information

Parking Total
5

Building

Year Built
1970
Stories Total
2

Lot

Lot Size Acres
0.224
Lot Size Square Feet
9750

Utilities

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

Remarks

Public Remarks
Great investment opportunity! Selling as a package which includes the following 20 total units. Five 4 plexes, 1969, 1973, 1977, 1981, 2005 Cambridge Drive. There are 20- two bedroom,1 bath units, all have washer/dryer connections and refrigerator and stove, gas furnace and central air. Units are all metered separately. There are two additional listings with that could be purchased with his portfolio that are within 1/2 mile radius of this property also for sale. 12 units at 1904 Cambridge Drive MLS# 24024820 and 10 units at 1921 Oxford Circle. MLS#24024819.

Income and Expenses

Gross Scheduled Income
187080

Unit Details

Number Of Units Vacant
4

Showing Information

Showing Instructions
Use showing time for code to an available unit. A floorplans are exactly the same.

Tax & Legal

Zoning Description
R3

Association/Community

Number Of Buildings
5
Number Of Units Total
20

Cooling

Electric
Yes

Heating

Forced Air
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Composition
Yes
Shingle
Yes

Structure Type

Quadruplex
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Electric Heating: Forced Air Listing Terms: Cash; Conventional Possession: Subject To Tenant Rights Roof: Composition; Shingle Structure Type: Quadruplex
Listing Office: Assurance Realty & Property Management
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.
Search powered by FBS Products