1218 Winburn Drive, Lexington, KY 40511
$985,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$985,000
List Date:
3/06/2016
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 1604044
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2016-09-06T16:20:04Z
- Status Change Timestamp
- 2016-09-06
- Purchase Contract Date
- 2016-05-23
- Close Date
- 2016-08-22
- Close Price
- 985000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
- Concessions Comments
- No
Address
- County
- Fayette
- Street Number
- 1218
- Street Name
- Winburn
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40511
- Directions
- From New Circle Road take Russell Cave Road outbound. Make left at Winburn Drive, apartment complex on the left.
Contract
- Original List Price
- 1250000
- Start Showing Date
- 2016-03-05
- Listing Contract Date
- 2016-03-05
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- SP/LP
- 0.92
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
Remarks
- Public Remarks
- Excellent investment opportunity in Lexington's northern district. Large 1 and 2 bedroom units in busy rental area. Close to I-75 and I-64 for commuters, great location for public transportation as well. Great growth potential with many units below market value.
Income and Expenses
- Credit and Vacancy Losses
- 45492
- Electric Expense
- 96000
- Fuel Expense
- 6500
- Gross Income
- 454920
- Gross Operating Income
- 409428
- Gross Scheduled Income
- 454920
- Insurance Expense
- 33600
- Less Operating Expenses
- 221427
- Net Operating Income
- 188001
- Operating Expense
- 221427
- Real Estate Taxes
- 20527
- Trash Expense
- 4800
- Water Sewer Expense
- 60000
Showing Information
- Showing Instructions
- 24 hour notice required to view occupied units
Tax & Legal
- Zoning Description
- r-4
Association/Community
- Number Of Buildings
- 3
Interior
- Bathrooms Half
- 0
Lot
- Lot Size Acres
- 0
- Lot Size Square Feet
- 0
Cooling
- Electric
- Yes
- Window Unit(s)
- Yes
Heating
- Baseboard
- Yes
- Electric
- 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; Electricity Connected
Cooling:
Electric; Window Unit(s)
Heating:
Baseboard; Electric; Natural Gas
Possession:
Close Of Escrow
Roof:
Shingle
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
Horse Capital Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.