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
- StatusChangeDate
- 2016-09-06
- Contract Acceptance Date
- 2016-05-23
- Sold Date
- 2016-08-22
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Fayette
- Street #
- 1218
- Street
- Winburn
- St Suffix
- Drive
- State/Province
- 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 Price
- 1075000
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- SP/LP
- 0.92
Tax Legal
- Area
- 001 - Fayette County NW
- Subdivision/Condo
- Winburn Estates
Parking Information
- Parking Total
- 56
More Information
Building
- Year Built
- 1969
Utilities
- Cooling YN
- Yes
- Heating YN
- 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
Lot
- Lot Size Square Feet
- 0
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.