3251 verandah Place, Lexington, KY 40513 (MLS# 24026069)

3251 verandah Place, Lexington, KY 40513

$6,982,500

Property Type: Residential Income Bedrooms: 3 Baths: 3 Square Footage: 1,878 Lot Size (sq. ft.): 5,584 Status: Closed

Current Price: $6,982,500 List Date: 12/23/2024 Last Modified: 11/07/2025

Overview

Description

Great rental properties. Low maintenance. Great school zones. 100% rented. 2 car garage attached that is large enough to hold 4 cars. Main level has wood floors and built in cabinets, kitchen, dinning room, family room, half bath, deck over garage. 2nd floor has a master with tub, shower, walking closet. Second floor also has full bath shared by other two bedrooms and a hookup for washer and dryer. HOA manages everything outside the units including landscaping, trash pickup and snow removal.

Listing Details MLS# 24026069

Listing Information

Comp Sale YN: No
Property Sub Type: Quadruplex

Status Change Information

Status Change Timestamp: 2025-04-11
Purchase Contract Date: 2025-01-28
Close Date: 2025-03-31
Close Price: 6982500
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: none

Address

County: Fayette
Street Number: 3251
Street Name: verandah
Street Suffix: Place
State: KY
Zip Code: 40513
Directions: From Harrodsburg Road turn into Beaumont Centre. Continue straight through first street light and turn left at the four way stop. Townhomes are on your left with parking in the rear.
Parcel Number: 38219460

Contract

Original List Price: 7999000
Start Showing Date: 2024-12-20
Listing Contract Date: 2024-12-20
Listing Agreement: Exclusive Right To Sell
Owner Name: Dixiana Properties, LLC
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 62394695.79
List Price/SqFt: 4259.32
Sold Price/Acre: 54465678.63
Sold Price/SqFt: 3718.05
SP/LP: 0.87

Tax Legal

MLS Area Major: 004 - Fayette County SW
Subdivision Name: Beaumont
High School District: Fayette County - 1

Interior

Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Living Area: 1878

More Information

Parking Information

Parking Total: 5

Building

Year Built: 2009
Stories Total: 2

Lot

Lot Size Acres: 0.1282
Lot Size Square Feet: 5584

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Remarks

Public Remarks: Great rental properties. Low maintenance. Great school zones. 100% rented. 2 car garage attached that is large enough to hold 4 cars. Main level has wood floors and built in cabinets, kitchen, dinning room, family room, half bath, deck over garage. 2nd floor has a master with tub, shower, walking closet. Second floor also has full bath shared by other two bedrooms and a hookup for washer and dryer. HOA manages everything outside the units including landscaping, trash pickup and snow removal.

Building and Property Details

Building Expansion Potential YN: No

Income and Expenses

Gross Scheduled Income: 39100
Vacancy Allowance Rate: 100

Showing Information

Showing Instructions: All the units are rented. We will need a few days notice to get access to the units. All the units as basically identical inside withe a few minor differences. Please call ahead of time to arrange a viewing.

Tax & Legal

Elementary School: Rosa Parks
Middle Or Junior School: Beaumont
High School: Dunbar
Tax Rate: 1.2223
Zoning Description: R1T

Association/Community

Number Of Buildings: 19
Number Of Units Total: 19

Cooling

Electric: Yes
Heat Pump: Yes

Heating

Electric: Yes
Heat Pump: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Roof

Composition: Yes
Shingle: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Quadruplex: Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Electric; Heat Pump Heating: Electric; Heat Pump Listing Terms: Cash; Conventional Possession: Close Of Escrow Roof: Composition; Shingle Special Listing Conditions: Standard Structure Type: Quadruplex

Listing Office: Biederman Real Estate

Last Updated: November - 07 - 2025

Information deemed reliable but not guaranteed.