0 Mousas Way, Lexington, KY 40509
$1,112,500
Property Type:
Residential Income
Bedrooms:
21
Baths:
14
Square Footage:
1,232
Lot Size (sq. ft.):
2,714
Status:
Closed
Current Price:
$1,112,500
List Date:
2/28/2025
Last Modified:
8/29/2025
Listing Details MLS# 25003041
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Duplex
Status Change Information
- Price Change Timestamp
- 2025-02-27T22:56:55Z
- Status Change Timestamp
- 2025-06-26
- Purchase Contract Date
- 2025-05-08
- Close Date
- 2025-06-20
- Close Price
- 1112500
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
- Concessions Comments
- No
Address
- County
- Fayette
- Street Name
- Mousas
- Street Suffix
- Way
- State
- KY
- Zip Code
- 40509
- Directions
- richmond rd turn on Old Todds Rd, turn right on Codell and left on mousas.
- Parcel Number
- 38018470
Contract
- Original List Price
- 1750000
- Start Showing Date
- 2025-02-28
- Listing Contract Date
- 2025-02-19
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 19758064.52
- List Price/SqFt
- 994.32
- Sold Price/Acre
- 17943548.39
- Sold Price/SqFt
- 903
- SP/LP
- 0.91
Tax Legal
- MLS Area Major
- 002 - Fayette County NE
- Subdivision Name
- Woodspoint
Interior
- Bedrooms Total
- 21
- Bathrooms Total
- 14
- Bathrooms Full
- 14
- Living Area
- 1232
- Bathrooms Half
- 0
More Information
Building
- Year Built
- 2000
- Stories Total
- 2
Lot
- Lot Size Acres
- 0.062
- Lot Size Square Feet
- 2714
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Rare opportunity to own one-third of an entire street in a prime Lexington location just off Richmond Road. This fully occupied 7-townhouse package is a turnkey investment, with tenants paying all utilities and handling their own lawn care. Each townhouse offers a thoughtfully designed layout, featuring a first-floor bedroom and full bathroom for added convenience. The second floor includes two additional bedrooms, a spacious oversized bathroom, large closets, and a dedicated laundry closet. The location provides easy access to shopping, dining, and major highways, making these townhomes highly desirable for tenants. With a current rent roll of $7920 per month ($95040 annually) and no vacancies, this investment offers both stability and future growth. The stabilized market rent is projected at $10,850 per month ($130200 annually), providing additional upside potential. A nearby two-townhouse package recently sold for $350,000, further highlighting the value of this offering. This is a rare chance to own a substantial portion of a Lexington street
Income and Expenses
- Gross Scheduled Income
- 95040
- Vacancy Allowance Rate
- 0
Showing Information
- Showing Instructions
- will only be sold as a package, duples (208/210) (224/226) (232/234) 350k per duplex, and there is one single unit (222) Do not bother the tenants will only be shown with acceptable offer. LA is the seller Offers to be made to Coughtry Enterprises LLC, these are individually deeded so buyers can purchase via commercial package or individual as package with non commercial lender.
Tax & Legal
- Elementary School
- Breckinridge
- Middle Or Junior School
- Crawford
- High School
- Henry Clay
- Zoning Description
- r4
Association/Community
- Number Of Buildings
- 7
- Number Of Units Total
- 7
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Subject To Tenant Rights
- Yes
Roof
- Shingle
- Yes
Structure Type
- Duplex
- Yes
Documents
- Sellers Disclosure Of Property Condition
- Yes
Property Features
Cooling:
Electric
Heating:
Electric
Parking Features:
On Site; Paved
Possession:
Subject To Tenant Rights
Roof:
Shingle
Structure Type:
Duplex
Documents:
Sellers Disclosure Of Property Condition
Listing Office:
Lifstyl Real Estate
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.