505 Delzan Place, Lexington, KY 40503 (MLS# 1417426)

505 Delzan Place, Lexington, KY 40503

$2,000,000

Property Type: Residential Income Bedrooms: 2 Baths: 2 Square Footage: 1,075 Lot Size (sq. ft.): 174,240 Status: Closed

Current Price: $2,000,000 List Date: 9/08/2014 Last Modified: 8/26/2025

Overview

Description

49 individual deeded 2 bedroom townhomes. Tax ID Numbers 24518001 thru 24518049. Approximately 1024 square feet each per PVA.

Listing Details MLS# 1417426

Listing Information

Property Sub Type: Apartment

Status Change Information

Price Change Timestamp: 2015-05-18T14:55:19Z
Status Change Timestamp: 2015-05-18
Purchase Contract Date: 2015-01-20
Close Date: 2015-05-15
Close Price: 2000000
Buyer Financing: Conventional
Concessions Comments: na

Address

County: Fayette
Street Number: 505
Street Name: Delzan
Street Suffix: Place
Street Suffix Modifier: 601
State: KY
Zip Code: 40503
Directions: Take Clays Mill Road to Delzan Place. Townhomes will be in the left.
Parcel Number: UNKNOWN

Contract

Original List Price: 2695000
Start Showing Date: 2014-09-02
Listing Contract Date: 2014-09-02
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
List Price/Acre: 616250
List Price/SqFt: 2293.02
Sold Price/Acre: 500000
Sold Price/SqFt: 1860.47
SP/LP: 0.81

Tax Legal

MLS Area Major: 004 - Fayette County SW
Subdivision Name: Commercial

Interior

Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: Yes
Bathrooms Half: Yes
Living Area: 1075

More Information

Parking Information

Parking Total: 56

Building

Year Built: 1979

Lot

Lot Size Acres: 4
Lot Size Square Feet: 174240.16

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes

Remarks

Public Remarks: 49 individual deeded 2 bedroom townhomes. Tax ID Numbers 24518001 thru 24518049. Approximately 1024 square feet each per PVA.

Income and Expenses

Credit and Vacancy Losses: 28633
Gross Income: 352212
Gross Operating Income: 323578
Gross Scheduled Income: 352212
Less Operating Expenses: 181581
Net Operating Income: 141997

Tax & Legal

Tax Rate: 1.1637
Zoning Description: R-4

Association/Community

Number Of Units Total: 49

Cooling

Electric: Yes

Heating

Electric: Yes
Heat Pump: Yes

Possession

Other: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Property Features

Utilities: Electricity Connected; Electricity Connected Cooling: Electric Heating: Electric; Heat Pump Possession: Other Special Listing Conditions: Standard Structure Type: Multi Family

Listing Office: Silvestri Real Estate, LLC

Last Updated: August - 26 - 2025

Information deemed reliable but not guaranteed.