1036/1038 Millcreek Court, Lexington, KY 40517

$5,800,000
Property Type: Residential Income Bedrooms: 6 Baths: 4 Lot Size (sq. ft.): 12,977 Status: Closed
Current Price: $5,800,000 List Date: 12/06/2024 Last Modified: 8/29/2025

Overview

Description

Multi Family Package Deal all in Fayette County! 42 Doors, 35 Properties - $143,214/door 7 Duplexes - Millcreek Court (1036/1038, 1029/1031, 1037/1039, 1033/1035, 1045/1047, 1040/1042, 1041/1043) 27 Townhomes on Appian Way /Reva Ridge/ Arbor Drive/ Point Court Appian Way (11 units) - 3646, 3648, 3650, 3652, 3640, 3642, 3644, 3654, 3656, 3658, 3660 Point Court (9 units) - 2800, 2802, 2804, 2806, 2808, 2810, 2812, 2814, 2816 Reva Ridge (3 units) - 1205,1207,1209 Arbor Drive (4 units) - 3699, 3695, 3697, 3693 1 Condo - 3696 Arbor Drive Unit 1 Tenants pay all utilities, 5 leases on 1 yr and remaining on month to month Reach out for more information

Listing Details MLS# 24025274

Listing Information

Comp Sale YN
No
Property Sub Type
Duplex

Status Change Information

Status Change Timestamp
2025-02-27
Purchase Contract Date
2024-12-23
Close Date
2025-02-27
Close Price
5800000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
N/A

Address

County
Fayette
Street Number
1036/1038
Street Name
Millcreek
Street Suffix
Court
State
KY
Zip Code
40517
Directions
Armstrong Mill, Right on Appian Way, Right on MillCreek, left on Millcreek Court
Parcel Number
15391857

Contract

Original List Price
6015000
Start Showing Date
2024-12-06
Listing Contract Date
2024-12-06
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
20191339.38
Sold Price/Acre
19469620.68
SP/LP
0.96

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Millcreek
High School District
Fayette County - 1

Interior

Bedrooms Total
6
Bathrooms Total
4
Bathrooms Full
2
Bathrooms Half
2

More Information

Parking Information

Parking Total
56

Building

Year Built
9999

Lot

Lot Size Acres
0.2979
Lot Size Square Feet
12977

Remarks

Public Remarks
Multi Family Package Deal all in Fayette County! 42 Doors, 35 Properties - $143,214/door 7 Duplexes - Millcreek Court (1036/1038, 1029/1031, 1037/1039, 1033/1035, 1045/1047, 1040/1042, 1041/1043) 27 Townhomes on Appian Way /Reva Ridge/ Arbor Drive/ Point Court Appian Way (11 units) - 3646, 3648, 3650, 3652, 3640, 3642, 3644, 3654, 3656, 3658, 3660 Point Court (9 units) - 2800, 2802, 2804, 2806, 2808, 2810, 2812, 2814, 2816 Reva Ridge (3 units) - 1205,1207,1209 Arbor Drive (4 units) - 3699, 3695, 3697, 3693 1 Condo - 3696 Arbor Drive Unit 1 Tenants pay all utilities, 5 leases on 1 yr and remaining on month to month Reach out for more information

Income and Expenses

Gross Scheduled Income
439800

Unit Details

Number Of Units Vacant
2

Tax & Legal

Elementary School
Millcreek
Middle Or Junior School
Tates Creek
High School
Tates Creek
Tax Rate
1.2583
Zoning Description
Residential

Association/Community

Number Of Units Total
42

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Covered
Yes
Open
Yes
Other
Yes

Possession

Close Of Escrow
Yes

Roof

Composition
Yes
Shingle
Yes

Structure Type

Duplex
Yes
Multi Family
Yes
Other
Yes

Property Features

Listing Terms: Cash; Conventional Parking Features: Covered; Open; Other Possession: Close Of Escrow Roof: Composition; Shingle Structure Type: Duplex; Multi Family; Other
Listing Office: The Brokerage
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.