1969 Cambridge Drive, Lexington, KY 40504
$1,500,000
Property Type:
Residential Income
Bedrooms:
40
Baths:
20
Square Footage:
3,520
Lot Size (sq. ft.):
9,750
Status:
Closed
Current Price:
$1,500,000
List Date:
2/20/2025
Last Modified:
8/29/2025
Overview
Description
Listing Details MLS# 24024816
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Quadruplex
Status Change Information
- Status Change Timestamp
- 2025-04-08
- Purchase Contract Date
- 2025-03-05
- Close Date
- 2025-03-31
- Close Price
- 1500000
- Buyer Financing
- Cash
- Sale Type
- Arms Length Sale
- Concessions Comments
- $4800 repair
Address
- County
- Fayette
- Street Number
- 1969
- Street Name
- Cambridge
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40504
- Directions
- Versailles Road inbound, Left on Oxford Circle, Right on Cambridge. Properties are on the right.
- Parcel Number
- 115094731, 15094732, 15094733,15094734, 15094728
Contract
- Original List Price
- 1600000
- Start Showing Date
- 2024-11-26
- Listing Contract Date
- 2024-11-26
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 7142857.14
- List Price/SqFt
- 454.55
- Sold Price/Acre
- 6696428.57
- Sold Price/SqFt
- 426.14
- SP/LP
- 0.94
Tax Legal
- MLS Area Major
- 004 - Fayette County SW
- Subdivision Name
- Cardinal Valley
Interior
- Bedrooms Total
- 40
- Bathrooms Total
- 20
- Bathrooms Full
- 20
- Living Area
- 3520
- Bathrooms Half
- 0
More Information
Parking Information
- Parking Total
- 5
Building
- Year Built
- 1970
- Stories Total
- 2
Lot
- Lot Size Acres
- 0.224
- Lot Size Square Feet
- 9750
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- Great investment opportunity! Selling as a package which includes the following 20 total units. Five 4 plexes, 1969, 1973, 1977, 1981, 2005 Cambridge Drive. There are 20- two bedroom,1 bath units, all have washer/dryer connections and refrigerator and stove, gas furnace and central air. Units are all metered separately. There are two additional listings with that could be purchased with his portfolio that are within 1/2 mile radius of this property also for sale. 12 units at 1904 Cambridge Drive MLS# 24024820 and 10 units at 1921 Oxford Circle. MLS#24024819.
Income and Expenses
- Gross Scheduled Income
- 187080
Unit Details
- Number Of Units Vacant
- 4
Showing Information
- Showing Instructions
- Use showing time for code to an available unit. A floorplans are exactly the same.
Tax & Legal
- Zoning Description
- R3
Association/Community
- Number Of Buildings
- 5
- Number Of Units Total
- 20
Cooling
- Electric
- Yes
Heating
- Forced Air
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Subject To Tenant Rights
- Yes
Roof
- Composition
- Yes
- Shingle
- Yes
Structure Type
- Quadruplex
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Cooling:
Electric
Heating:
Forced Air
Listing Terms:
Cash; Conventional
Possession:
Subject To Tenant Rights
Roof:
Composition; Shingle
Structure Type:
Quadruplex
Listing Office:
Assurance Realty & Property Management
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.