2101 Fontaine Road, Lexington, KY 40502

$1,175,000
Property Type: Residential Income Bedrooms: 22 Baths: 12 Lot Size (sq. ft.): 17,433 Status: Closed
Current Price: $1,175,000 List Date: 5/17/2022 Last Modified: 3/31/2026

Overview

Description

Here it is investors! Get your 1031 exchange money ready! This is an updated 12 unit building inside New Circle in the coveted 40502 area code, which includes 10 2/1 and 2 1/1 units. 7 of 12 units were recently renovated and include new flooring and paint, new roof and 2 HVAC units were replaced. Additionally, a new submeter water system and hot water heater was installed to bill back utilities to tenants. Landlord only pays for trash and small amount for gas. Come check it out today!

Listing Details MLS# 22009987

Listing Information

Comp Sale YN
No

Status Change Information

Status Change Timestamp
2022-06-27
Purchase Contract Date
2022-05-25
Close Date
2022-06-24
Close Price
1175000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
none

Address

County
Fayette
Street Number
2101
Street Name
Fontaine
Street Suffix
Road
State
KY
Zip Code
40502
Directions
Lexington Kentucky Head southeast on Ave of Champions toward S Martin Luther King Blvd 0.3 mi Continue onto Euclid Ave Pass by Jimmy John's (on the left in 0.5 mi) 0.8 mi Slight left onto Fontaine Rd Destination will be on the left
Parcel Number
15020000

Contract

Original List Price
1275000
Start Showing Date
2022-05-16
Listing Contract Date
2022-05-16
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
3185907.05
Sold Price/Acre
2936031.98
SP/LP
0.92

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Lakeview

Interior

Bedrooms Total
22
Bathrooms Total
12
Bathrooms Full
12

More Information

Parking Information

Parking Total
20

Building

Year Built
9999
Stories Total
3

Lot

Lot Size Acres
0.4002
Lot Size Square Feet
17433

Remarks

Public Remarks
Here it is investors! Get your 1031 exchange money ready! This is an updated 12 unit building inside New Circle in the coveted 40502 area code, which includes 10 2/1 and 2 1/1 units. 7 of 12 units were recently renovated and include new flooring and paint, new roof and 2 HVAC units were replaced. Additionally, a new submeter water system and hot water heater was installed to bill back utilities to tenants. Landlord only pays for trash and small amount for gas. Come check it out today!

Unit Details

Number Of Units Vacant
3

Showing Information

Showing Instructions
Building access is 8412, lockbox is on unit 2, can view unit 3 and 10. Code is 2232. Can view rest of units with accepted contract.

Tax & Legal

Zoning Description
Commercial

Association/Community

Number Of Buildings
1
Number Of Units Total
12

Utilities

Electricity Available
Yes
Water Available
Yes

Possession

Close Of Escrow
Yes

Property Features

Utilities: Electricity Available; Water Available; Electricity Available; Water Available Possession: Close Of Escrow
Listing Office: United Real Estate Bluegrass
Last Updated: March - 31 - 2026
Information deemed reliable but not guaranteed.
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