2069 Fontaine Road, Lexington, KY 40509

$850,000
Property Type: Residential Income Bedrooms: 20 Baths: 20 Square Footage: 10,000 Lot Size (sq. ft.): 20,038 Status: Closed
Current Price: $850,000 List Date: 8/12/2016 Last Modified: 10/13/2026

Overview

Description

Prime location just off Richmond Road inside New Circle Road. Low maintenance all brick exterior, plenty of parking, and numerous updates. Eight (1) bedroom apartments leased at $525.00 per month & twelve (2) two bedroom apartments leased at $600 per month. Tenants pay all utilities. Convenient to downtown, UK, Richmond Road dining/shopping, and easy access to New Circle Road. Call for your personal showing today!!!!

Listing Details MLS# 1617778

Listing Information

Property Sub Type
Apartment

Status Change Information

Price Change Timestamp
2016-10-27T14:04:44Z
Status Change Timestamp
2016-10-27
Purchase Contract Date
2016-09-24
Close Date
2016-10-19
Close Price
850000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
na

Address

County
Fayette
Street Number
2069
Street Name
Fontaine
Street Suffix
Road
State
KY
Zip Code
40509
Directions
Richmond Road in-bound from New Circle, Left on Fontaine Drive.
Parcel Number
11423050

Contract

Original List Price
899900
Start Showing Date
2016-08-11
Listing Contract Date
2016-08-11
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
1956304.35
List Price/SqFt
89.99
Sold Price/Acre
1847826.09
Sold Price/SqFt
85
SP/LP
0.94

Tax Legal

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

Interior

Bedrooms Total
20
Bathrooms Total
20
Bathrooms Full
20
Living Area
10000

More Information

Parking Information

Parking Total
35

Building

Year Built
1967

Lot

Lot Size Acres
0.46
Lot Size Square Feet
20037.62
Lot Size Dimensions
154 x ?
Road Frontage Feet
266

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
Prime location just off Richmond Road inside New Circle Road. Low maintenance all brick exterior, plenty of parking, and numerous updates. Eight (1) bedroom apartments leased at $525.00 per month & twelve (2) two bedroom apartments leased at $600 per month. Tenants pay all utilities. Convenient to downtown, UK, Richmond Road dining/shopping, and easy access to New Circle Road. Call for your personal showing today!!!!

Building and Property Details

Age of Roof
10
Common Area SqFt
1038
Laundry SqFt
140
Storage SqFt
1100

Income and Expenses

Accounting, Legal & Collections Expense
600
Advertising License & Permit Expense
175
Credit and Vacancy Losses
19400
Electric Expense
11166
Fuel Expense
5902
Gross Income
137400
Gross Operating Income
117000
Gross Scheduled Income
134400
Insurance Expense
4720
Janitorial Services Expense
1640
Lawn Services Expense
450
Less Operating Expenses
45974
Maintenance Expense
3000
Net Operating Income
71026
Operating Expense
45974
Other Contract Labor
2500
Other Income
3000
Real Estate Taxes
5858
Telephone Expense
1080
Trash Expense
1054
Vacancy Allowance Rate
5
Water Sewer Expense
7829

Unit Details

Number Of Units Vacant
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected Association Amenities: Coin Laundry; Security Cooling: Electric Heating: Electric; Hot Water; Natural Gas Listing Terms: Lease Option Parking Features: Paved Possession: Close Of Escrow Roof: Flat; Membrane; Other Structure Type: Multi Family
Listing Office: Keller Williams Commonwealth
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.
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