257 Lyndhurst Place, Lexington, KY 40508

$1,165,000
Property Type: Residential Income Square Footage: 19,188 Lot Size (sq. ft.): 17,424 Status: Closed
Current Price: $1,165,000 List Date: 5/07/2013 Last Modified: 8/26/2025

Overview

Description

Two buildings with 30 units (1 is currently used as an office) on UK Campus and close to downtown. Continually have nearly 100% occupancy. Total rent of $15,890 per month/$190,680 yearly rent. 22 One bedroom, one bath units, 8 efficiences (the one being used for the office is an efficiency). Hardwood floors except in basement units. Coin operated washers/dryer in basement of 255 Lyndhurst. New HVAC in 257 Lyndhurst 1st & 2nd floors, and electrical upgrades. Stove and refrigerator in each unit. In 255,heat is gas fired boiler and AC is window units. Landlord pays utilities. Ideal for condo conversion.Owner/agent

Listing Details MLS# 1309101

Listing Information

Property Sub Type
Apartment

Status Change Information

Price Change Timestamp
2014-12-05T15:41:50Z
Status Change Timestamp
2014-12-05
Purchase Contract Date
2014-07-16
Close Date
2014-08-29
Close Price
1165000
Buyer Financing
Conventional

Address

County
Fayette
Street Number
257
Street Name
Lyndhurst
Street Suffix
Place
Street Suffix Modifier
255
State
KY
Zip Code
40508
Directions
East Maxwell St. by UK Campus, left on Stone Ave, property on the corner of Stone Ave and Lyndhurst.
Parcel Number
12897100

Contract

Original List Price
1305000
Start Showing Date
2013-05-07
Listing Contract Date
2013-05-07
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
3262500
List Price/SqFt
68.01
Sold Price/Acre
2912500
Sold Price/SqFt
60.72
SP/LP
0.89

Tax Legal

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

Interior

Living Area
19188
Bathrooms Half
0

More Information

Parking Information

Parking Total
20

Building

Year Built
1943

Lot

Lot Size Acres
0.4
Lot Size Square Feet
17424.02
Road Frontage Feet
120

Utilities

Cooling YN
No
Heating YN
Yes
Natural Gas Connected
Yes

Remarks

Public Remarks
Two buildings with 30 units (1 is currently used as an office) on UK Campus and close to downtown. Continually have nearly 100% occupancy. Total rent of $15,890 per month/$190,680 yearly rent. 22 One bedroom, one bath units, 8 efficiences (the one being used for the office is an efficiency). Hardwood floors except in basement units. Coin operated washers/dryer in basement of 255 Lyndhurst. New HVAC in 257 Lyndhurst 1st & 2nd floors, and electrical upgrades. Stove and refrigerator in each unit. In 255,heat is gas fired boiler and AC is window units. Landlord pays utilities. Ideal for condo conversion.Owner/agent

Income and Expenses

Gross Income
179599
Gross Scheduled Income
177660
Other Expense
34551
Other Expense Description
All utilities 2009
Other Income
1939

Tax & Legal

Tax Rate
1.1412
Zoning Description
R-4

Association/Community

Number Of Buildings
2
Number Of Units Total
30

Association Amenities

Coin Laundry
Yes

Cooling

None
Yes

Heating

Natural Gas
Yes
Steam
Yes

Possession

Other
Yes

Roof

Membrane
Yes
Shingle
Yes

Special Listing Conditions

Standard
Yes

Structure Type

Multi Family
Yes

Property Features

Utilities: Natural Gas Connected; Natural Gas Connected Association Amenities: Coin Laundry Cooling: None Heating: Natural Gas; Steam Possession: Other Roof: Membrane; Shingle Special Listing Conditions: Standard Structure Type: Multi Family
Listing Office: Horse Capital Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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