1218 Winburn Drive, Lexington, KY 40511
$775,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$775,000
List Date:
1/06/2012
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 1200307
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2012-05-02T14:35:18Z
- Status Change Timestamp
- 2012-05-02
- Purchase Contract Date
- 2012-04-01
- Close Date
- 2012-04-26
- Close Price
- 775000
- Buyer Financing
- Conventional
Address
- County
- Fayette
- Street Number
- 1218
- Street Name
- Winburn
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40511
- Directions
- Russell Cave Outbound to Winburn
- Parcel Number
- 16786851
Contract
- Original List Price
- 999000
- Start Showing Date
- 2012-01-05
- Listing Contract Date
- 2012-01-05
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- SP/LP
- 0.78
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Winburn Estates
Parking Information
- Parking Total
- 56
More Information
Building
- Year Built
- 1969
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Remarks
- Public Remarks
- 73 Units, a.k.a 1760 McCullough/a.k.a 1740 McCullough. 37 Two Bedroom units, and 36 One Bedroom units.
Building and Property Details
- Laundry SqFt
- 1617
Income and Expenses
- Accounting, Legal & Collections Expense
- 3000
- Advertising License & Permit Expense
- 500
- Cash Flow Before Tax
- 55000
- Credit and Vacancy Losses
- 18000
- Electric Expense
- 28000
- Gross Income
- 320000
- Gross Operating Income
- 180000
- Gross Scheduled Income
- 376320
- Insurance Expense
- 12600
- Janitorial Services Expense
- 1000
- Lawn Services Expense
- 3700
- Maintenance Expense
- 15000
- Net Operating Income
- 140000
- Operating Expense
- 180000
- Other Contract Labor
- 1000
- Personal Property Taxes
- 2100
- Professional Management Expense
- 23000
- Real Estate Taxes
- 13000
- Taxes, Work Comp
- 1200
- Trash Expense
- 2700
- Water Sewer Expense
- 25500
Unit Details
- Number Of Units Vacant
- 22
Tax & Legal
- Tax Rate
- 1.1191
- Zoning Description
- R-4
Association/Community
- Number Of Units Total
- 72
Interior
- Bathrooms Half
- 0
Lot
- Lot Size Acres
- 0
- Lot Size Square Feet
- 0
Association Amenities
- Coin Laundry
- Yes
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
- Natural Gas
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- Multi Family
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected
Association Amenities:
Coin Laundry
Cooling:
Electric
Heating:
Electric; Heat Pump; Natural Gas
Possession:
Close Of Escrow
Roof:
Shingle
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
RE/MAX Creative Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.