329 S Burns Avenue, Winchester, KY 40391

$1,450,000
Property Type: Residential Income Status: Closed
Current Price: $1,450,000 List Date: 10/31/2018 Last Modified: 8/26/2025

Overview

Description

Great investment opportunity. Convenient to College Park, the Pool and Public Library. Lots of parking. Also convenient to any road leading to Richmond, Lexington, Hamburg, and Mt. Sterling. 329--Townhomes--2BR, 1.5BA. 2 units, duplex 331--Townhomes--2BR, 1.5BA. 8 units, 8 plex 333--Townhomes--2BR, 1.5BA. 4 units, 4 plex 335--1 bedroom, 1 bath. 8 apartments 337--2 bedrooms, 1.5 bath. 8 apartments Total 30 units. At this time rent amounts vary.

Listing Details MLS# 1824629

Listing Information

Property Sub Type
Apartment

Status Change Information

Price Change Timestamp
2019-02-01T16:41:12Z
Status Change Timestamp
2019-02-01
Purchase Contract Date
2018-11-26
Close Date
2019-01-31
Close Price
1450000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
NA

Address

County
Clark
Street Number
329
Street Direction Prefix
S
Street Name
Burns
Street Suffix
Avenue
Street Suffix Modifier
337
State
KY
Zip Code
40391
Directions
From downtown go out Boone Avenue. Turn right onto College Street. At the 4-way stop turn left. Property is on the left. No Sign. Look for the number on the building. 335 is in front.
Parcel Number
836775-08

Contract

Original List Price
1650000
Start Showing Date
2018-10-29
Listing Contract Date
2018-10-29
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
SP/LP
0.88

Tax Legal

MLS Area Major
007 - Clark County
Subdivision Name
Burns Addition
High School District
Clark County - 7

Parking Information

Parking Total
56

More Information

Building

Year Built
1978

Lot

Lot Size Dimensions
380 x ?
Road Frontage Feet
100
Lot Size Acres
0
Lot Size Square Feet
0

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes

Remarks

Public Remarks
Great investment opportunity. Convenient to College Park, the Pool and Public Library. Lots of parking. Also convenient to any road leading to Richmond, Lexington, Hamburg, and Mt. Sterling. 329--Townhomes--2BR, 1.5BA. 2 units, duplex 331--Townhomes--2BR, 1.5BA. 8 units, 8 plex 333--Townhomes--2BR, 1.5BA. 4 units, 4 plex 335--1 bedroom, 1 bath. 8 apartments 337--2 bedrooms, 1.5 bath. 8 apartments Total 30 units. At this time rent amounts vary.

Income and Expenses

Gross Scheduled Income
14380
Insurance Expense
800
Real Estate Taxes
14654

Unit Details

Number Of Units Vacant
2

Showing Information

Showing Instructions
Must have 24 to 48 hours notice for all showings. Use Showing Assist or call Joyce at 859-749-1200 or Steve Wilson at 859-144-5400 (co-listing agent). One of the owners will accompany you, too.

Tax & Legal

Elementary School
Justice
Middle Or Junior School
Robert Campbell
High School
GRC
Tax Rate
11.2726
Zoning Description
R-4

Association/Community

Number Of Buildings
5
Number Of Units Total
30

Interior

Bathrooms Half
0

Cooling

Electric
Yes
Heat Pump
Yes

Heating

Electric
Yes
Heat Pump
Yes

Possession

Close Of Escrow
Yes

Roof

Shingle
Yes

Special Listing Conditions

Standard
Yes

Structure Type

Multi Family
Yes

Property Features

Utilities: Electricity Connected; Electricity Connected Cooling: Electric; Heat Pump Heating: Electric; Heat Pump Possession: Close Of Escrow Roof: Shingle Special Listing Conditions: Standard Structure Type: Multi Family
Listing Office: Tom Goebel & Company
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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