208 Lakeshore Drive, Lexington, KY 40509 (MLS# 1623761)

208 Lakeshore Drive, 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: 10/27/2016 Last Modified: 8/26/2025

Overview

Description

Prime location just off Richmond Road inside New Circle Road. Low maintenance all brick exterior, plenty of parking, and numerous updates. SOLD as a Packackge with property 2068 Fontaine Drive for $1.7M

Listing Details MLS# 1623761

Listing Information

Property Sub Type: Apartment

Status Change Information

Price Change Timestamp: 2016-10-27T14:23:05Z
Status Change Timestamp: 2016-10-27
Purchase Contract Date: 2016-10-18
Close Date: 2016-10-19
Close Price: 850000
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: na

Address

County: Fayette
Street Number: 208
Street Name: Lakeshore
Street Suffix: Drive
State: KY
Zip Code: 40509
Directions: Richmond Road in-bound from New Circle, Left on Fontaine Drive.
Parcel Number: 11422051

Contract

Original List Price: 899900
Start Showing Date: 2016-10-18
Listing Contract Date: 2016-10-18
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
Bathrooms Half: 0

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
Electricity Connected: Yes
Natural Gas Connected: 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. SOLD as a Packackge with property 2068 Fontaine Drive for $1.7M

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

Tax & Legal

Elementary School: Cassidy
Middle Or Junior School: Morton
High School: Henry Clay
Tax Rate: 1.2075
Zoning Description: M-Multi Family

Association/Community

Number Of Buildings: 1
Number Of Units Total: 24

Association Amenities

Coin Laundry: Yes
Security: Yes

Cooling

Electric: Yes

Heating

Electric: Yes
Hot Water: Yes
Natural Gas: Yes

Listing Terms

Lease Option: Yes

Parking Features

Paved: Yes

Possession

Close Of Escrow: Yes

Roof

Flat: Yes
Membrane: Yes
Other: Yes

Structure Type

Multi Family: 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: August - 26 - 2025

Information deemed reliable but not guaranteed.