250 Lexington Avenue, Lexington, KY 40508 (MLS# 1515708)

250 Lexington Avenue, Lexington, KY 40508

$1,400,000

Property Type: Residential Income Bedrooms: 3 Baths: 2 Square Footage: 14,100 Lot Size (sq. ft.): 21,780 Status: Closed

Current Price: $1,400,000 List Date: 7/16/2015 Last Modified: 8/26/2025

Overview

Description

**Under Contract** This complex contains 12 units each with 3 bedrooms & 2 full baths.

Listing Details MLS# 1515708

Listing Information

Property Sub Type: Apartment

Status Change Information

Price Change Timestamp: 2015-08-31T19:52:54Z
Status Change Timestamp: 2015-08-31
Purchase Contract Date: 2015-07-16
Close Date: 2015-08-31
Close Price: 1400000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: na

Address

County: Fayette
Street Number: 250
Street Name: Lexington
Street Suffix: Avenue
State: KY
Zip Code: 40508
Directions: Downtown
Parcel Number: 11771450

Contract

Original List Price: 1500000
Start Showing Date: 2015-07-16
Listing Contract Date: 2015-07-16
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
List Price/Acre: 3000000
List Price/SqFt: 106.38
Sold Price/Acre: 2800000
Sold Price/SqFt: 99.29
SP/LP: 0.93

Tax Legal

MLS Area Major: 003 - Fayette County SE
Subdivision Name: Uk Campus
High School District: Fayette County - 1

Interior

Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 14100
Bathrooms Half: 0

More Information

Parking Information

Parking Total: 35

Building

Year Built: 1999

Lot

Lot Size Acres: 0.5
Lot Size Square Feet: 21780.02
Lot Size Dimensions: 142 x ?
Road Frontage Feet: 155

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes

Remarks

Public Remarks: **Under Contract** This complex contains 12 units each with 3 bedrooms & 2 full baths.

Building and Property Details

Age of Roof: 16

Income and Expenses

Credit and Vacancy Losses: 21367
Gross Income: 178056
Gross Operating Income: 156689
Gross Scheduled Income: 178056

Tax & Legal

Elementary School: Ashland
Middle Or Junior School: Morton
High School: Lafayette
Tax Rate: 1.1867
Zoning Description: R-4

Association/Community

Number Of Buildings: 1
Number Of Units Total: 12

Association Amenities

Coin Laundry: Yes

Cooling

Electric: Yes
None: Yes

Heating

Electric: Yes
Heat Pump: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

On Site: Yes
Paved: Yes

Possession

Other: Yes

Security Features

Fire Sprinkler System: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Property Features

Utilities: Electricity Connected; Electricity Connected Association Amenities: Coin Laundry Cooling: Electric; None Heating: Electric; Heat Pump Listing Terms: Cash; Conventional Parking Features: On Site; Paved Possession: Other Security Features: Fire Sprinkler System Special Listing Conditions: Standard Structure Type: Multi Family

Listing Office: Rector Hayden Realtors

Last Updated: August - 26 - 2025

Information deemed reliable but not guaranteed.