407 Marquis Avenue, Lexington, KY 40502

$1,760,000
Property Type: Residential Income Status: Closed
Current Price: $1,760,000 List Date: 3/10/2014 Last Modified: 8/26/2025

Overview

Description

This is an extreme Class 'A' location! We are honored to present this boutique student housing property. It is a truly rare offering. This 'Best of the Best' location, design and quality all meet here. Marquis Middle Apartments are now 100% preleased for 2014. The property is only blocks from UK campus and steps away from the new Chevy Chase Kroger's. The contemporary finishes showcase an award winning architect's masterful redesign of a vintage 1968 building which was taken back to steel and studs. Now, this newly designed apartment features 100% paid expenses by the tenants and no carpet to replace in the units. High security doors and cameras differentiate this from the norm, a highly desirable feature for students. High exposed ceilings, Silestone solid surface countertops, stainless appliances, flat screen TV's, washer and dryer units ALL included! This is a solid apartment investment worth holding on to for a lifetime. This offering will not last long.

Listing Details MLS# 1403835

Listing Information

Property Sub Type
Apartment

Status Change Information

Price Change Timestamp
2014-07-30T13:47:15Z
Status Change Timestamp
2014-07-30
Purchase Contract Date
2014-06-13
Close Date
2014-07-28
Close Price
1760000
Buyer Financing
Conventional

Address

County
Fayette
Street Number
407
Street Name
Marquis
Street Suffix
Avenue
State
KY
Zip Code
40502
Directions
Turn onto Marquis Ave off of Euclid Ave. Located across the street from Kroger grocery store.
Parcel Number
12262600

Contract

Original List Price
1885000
Start Showing Date
2014-03-10
Listing Contract Date
2014-03-10
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
SP/LP
0.93

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Chevy Chase

Parking Information

Parking Total
20

More Information

Building

Year Built
1968

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes

Remarks

Public Remarks
This is an extreme Class 'A' location! We are honored to present this boutique student housing property. It is a truly rare offering. This 'Best of the Best' location, design and quality all meet here. Marquis Middle Apartments are now 100% preleased for 2014. The property is only blocks from UK campus and steps away from the new Chevy Chase Kroger's. The contemporary finishes showcase an award winning architect's masterful redesign of a vintage 1968 building which was taken back to steel and studs. Now, this newly designed apartment features 100% paid expenses by the tenants and no carpet to replace in the units. High security doors and cameras differentiate this from the norm, a highly desirable feature for students. High exposed ceilings, Silestone solid surface countertops, stainless appliances, flat screen TV's, washer and dryer units ALL included! This is a solid apartment investment worth holding on to for a lifetime. This offering will not last long.

Tax & Legal

Zoning Description
R-5 High Density Residential

Association/Community

Number Of Buildings
1
Number Of Units Total
17

Interior

Bathrooms Half
0

Lot

Lot Size Acres
0
Lot Size Square Feet
0

Association Amenities

Security
Yes

Cooling

Electric
Yes
Heat Pump
Yes

Heating

Electric
Yes
Heat Pump
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Membrane
Yes

Security Features

Fire Sprinkler System
Yes

Structure Type

Multi Family
Yes

Property Features

Utilities: Electricity Connected; Electricity Connected Association Amenities: Security Cooling: Electric; Heat Pump Heating: Electric; Heat Pump Parking Features: Paved Possession: Close Of Escrow Roof: Membrane Security Features: Fire Sprinkler System Structure Type: Multi Family
Listing Office: Silvestri Real Estate, LLC
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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