1050 Horsemans Lane, Lexington, KY 40504
$2,125,000
Property Type:
Residential Income
Square Footage:
20,136
Lot Size (sq. ft.):
49,223
Status:
Closed
Current Price:
$2,125,000
List Date:
11/10/2021
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 20123599
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Apartment
Status Change Information
- Status Change Timestamp
- 2021-11-01
- Purchase Contract Date
- 2021-08-23
- Close Date
- 2021-10-29
- Close Price
- 2125000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
- Concessions Comments
- No
Address
- County
- Fayette
- Street Number
- 1050
- Street Name
- Horsemans
- Street Suffix
- Lane
- Street Suffix Modifier
- 1054
- State
- KY
- Zip Code
- 40504
- Directions
- Corner of Red Mile and Horseans Lane
- Parcel Number
- 10024260
Contract
- Original List Price
- 2125000
- Start Showing Date
- 2021-11-01
- Listing Contract Date
- 2021-08-23
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- List Price/Acre
- 1880530.97
- List Price/SqFt
- 105.53
- Sold Price/Acre
- 1880530.97
- Sold Price/SqFt
- 105.53
- SP/LP
- Yes
Tax Legal
- MLS Area Major
- 004 - Fayette County SW
- Subdivision Name
- Red Mile
- High School District
- Fayette County - 1
Interior
- Living Area
- 20136
- Bathrooms Half
- 0
More Information
Parking Information
- Parking Total
- 55
Building
- Year Built
- 1992
- Accessibility Features YN
- Yes
Lot
- Lot Size Acres
- 1.13
- Lot Size Square Feet
- 49223
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
Remarks
- Public Remarks
- Excellent investment opportunity near University of Kentucky Campus and the recently renovated Red Mile. Property has an excellent rental history with students. Both roofs replaces in 2013 as well as many other capital improvements. 24 two bed/two bath units with laundry facilties in each unit. Onsire secure parking.
Building and Property Details
- Building Expansion Potential YN
- No
- Lot Expansion Potential YN
- No
- Age of Roof
- 5
Unit Details
- Number Of Units Vacant
- Yes
Showing Information
- Showing Instructions
- Call Chris Mitchell 859-321-2898 for a private tour. Do not visit the property without an appointment
Tax & Legal
- Elementary School
- Picadome
- Middle Or Junior School
- Jessie Clark
- High School
- Lafayette
- Tax Rate
- 1.2727
- Zoning Description
- B-3
Association/Community
- Number Of Buildings
- 2
- Number Of Units Total
- 24
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
- Natural Gas
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Composition
- Yes
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- Multi Family
- Yes
Property Features
Utilities:
Electricity Connected; Electricity Connected
Cooling:
Electric
Heating:
Electric; Heat Pump; Natural Gas
Listing Terms:
1031 Exchange; Cash; Conventional
Possession:
Close Of Escrow
Roof:
Composition; Shingle
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
Bluegrass Sotheby's International Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.