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:
10/13/2026
Overview
Description
Listing Details MLS# 20123599
Listing Information
- Property Sub Type
- Apartment
- Comp Sale YN
- No
Status Change Information
- StatusChangeDate
- 2021-11-01
- Contract Acceptance Date
- 2021-08-23
- Sold Date
- 2021-10-29
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Fayette
- Street #
- 1050
- Street
- Horsemans
- St Suffix
- Lane
- State/Province
- KY
- Zip Code
- 40504
- Directions
- Corner of Red Mile and Horseans Lane
- Street Suffix Modifier
- 1054
- Parcel Number
- 10024260
Contract
- Original List Price
- 2125000
- Start Showing Date
- 2021-11-01
- Listing Price
- 2125000
- 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
- 1
Tax Legal
- Area
- 004 - Fayette County SW
- Subdivision/Condo
- Red Mile
- School District
- Fayette County - 1
Interior
- Living Area
- 20136
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
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
- Tax Rate
- 1.2727
- Zoning Description
- B-3
Association/Community
- Number Of Buildings
- 2
- Number Of Units Total
- 24
Property Features
Utilities:
Electricity Connected; Electricity Connected
Cooling:
Electric
Heating:
Electric; 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: October - 13 - 2026
Information deemed reliable but not guaranteed.