502-632 Nandino Circle, Berea, KY 40403

$3,205,000
Property Type: Residential Income Bedrooms: 64 Baths: 64 Square Footage: 34,232 Lot Size (sq. ft.): 784,080 Status: Closed
Current Price: $3,205,000 List Date: 7/16/2024 Last Modified: 8/29/2025

Overview

Description

This is a 32 unit apartment complex on 7.96 acres 4 acres behind the complex. 10 lots in front of property lot 1) .53 lot 6) .51 lot 2) .51 lot 7) .51 lot 3) .51 lot 8) .85 lot 4) .49 lot 9) .69 lot 5) .44 lot 10) .34 Lot 14c) .67 Maintenace bldg.

Listing Details MLS# 24014711

Listing Information

Comp Sale YN
No
Property Sub Type
Apartment

Status Change Information

Status Change Timestamp
2024-10-07
Purchase Contract Date
2024-07-28
Close Date
2024-10-04
Close Price
3205000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Madison
Street Number
502-632
Street Name
Nandino
Street Suffix
Circle
State
KY
Zip Code
40403
Directions
I-75 to exit 76 turn west at the stop light turn right onto North Dogwood Drive. Nandino Circle will be on the left.
Parcel Number
38306

Contract

Original List Price
3300
Start Showing Date
2024-07-16
Listing Contract Date
2024-07-15
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
183333.33
List Price/SqFt
96.4
Sold Price/Acre
178055.56
Sold Price/SqFt
93.63
SP/LP
0.97

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Rural
High School District
Madison County - 8

Interior

Bedrooms Total
64
Bathrooms Total
64
Bathrooms Full
64
Living Area
34232

More Information

Parking Information

Parking Total
56

Building

Year Built
2005
Accessibility Features YN
Yes

Lot

Lot Size Acres
18
Lot Size Square Feet
784080

Utilities

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

Remarks

Public Remarks
This is a 32 unit apartment complex on 7.96 acres 4 acres behind the complex. 10 lots in front of property lot 1) .53 lot 6) .51 lot 2) .51 lot 7) .51 lot 3) .51 lot 8) .85 lot 4) .49 lot 9) .69 lot 5) .44 lot 10) .34 Lot 14c) .67 Maintenace bldg.

Building and Property Details

Building Expansion Potential YN
Yes
Lot Expansion Potential YN
Yes

Showing Information

Showing Instructions
48 Hour notice due to tenants

Tax & Legal

Elementary School
Shannon Johnson
Middle Or Junior School
Foley
High School
Madison So
Tax Rate
0.0106
Zoning Description
R-3

Association/Community

Number Of Buildings
8
Number Of Units Total
32

Cooling

Heat Pump
Yes

Heating

Heat Pump
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Shingle
Yes

Special Listing Conditions

Standard
Yes

Structure Type

Multi Family
Yes

Income and Expenses

Vacancy Allowance Rate
0

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Heat Pump Heating: Heat Pump Parking Features: Paved Possession: Close Of Escrow Roof: Shingle Special Listing Conditions: Standard Structure Type: Multi Family
Listing Office: Nola Newman Realty
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.
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