2069 Fontaine Road, Lexington, KY 40509
$850,000
Property Type:
Residential Income
Bedrooms:
20
Baths:
20
Square Footage:
10,000
Lot Size (sq. ft.):
20,038
Status:
Closed
Current Price:
$850,000
List Date:
8/12/2016
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 1617778
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2016-10-27T14:04:44Z
- Status Change Timestamp
- 2016-10-27
- Purchase Contract Date
- 2016-09-24
- Close Date
- 2016-10-19
- Close Price
- 850000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
- Concessions Comments
- na
Address
- County
- Fayette
- Street Number
- 2069
- Street Name
- Fontaine
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40509
- Directions
- Richmond Road in-bound from New Circle, Left on Fontaine Drive.
- Parcel Number
- 11423050
Contract
- Original List Price
- 899900
- Start Showing Date
- 2016-08-11
- Listing Contract Date
- 2016-08-11
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/Acre
- 1956304.35
- List Price/SqFt
- 89.99
- Sold Price/Acre
- 1847826.09
- Sold Price/SqFt
- 85
- SP/LP
- 0.94
Tax Legal
- MLS Area Major
- 003 - Fayette County SE
- Subdivision Name
- Lakeview
- High School District
- Fayette County - 1
Interior
- Bedrooms Total
- 20
- Bathrooms Total
- 20
- Bathrooms Full
- 20
- Living Area
- 10000
More Information
Parking Information
- Parking Total
- 35
Building
- Year Built
- 1967
Lot
- Lot Size Acres
- 0.46
- Lot Size Square Feet
- 20037.62
- Lot Size Dimensions
- 154 x ?
- Road Frontage Feet
- 266
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Prime location just off Richmond Road inside New Circle Road. Low maintenance all brick exterior, plenty of parking, and numerous updates. Eight (1) bedroom apartments leased at $525.00 per month & twelve (2) two bedroom apartments leased at $600 per month. Tenants pay all utilities. Convenient to downtown, UK, Richmond Road dining/shopping, and easy access to New Circle Road. Call for your personal showing today!!!!
Building and Property Details
- Age of Roof
- 10
- Common Area SqFt
- 1038
- Laundry SqFt
- 140
- Storage SqFt
- 1100
Income and Expenses
- Accounting, Legal & Collections Expense
- 600
- Advertising License & Permit Expense
- 175
- Credit and Vacancy Losses
- 19400
- Electric Expense
- 11166
- Fuel Expense
- 5902
- Gross Income
- 137400
- Gross Operating Income
- 117000
- Gross Scheduled Income
- 134400
- Insurance Expense
- 4720
- Janitorial Services Expense
- 1640
- Lawn Services Expense
- 450
- Less Operating Expenses
- 45974
- Maintenance Expense
- 3000
- Net Operating Income
- 71026
- Operating Expense
- 45974
- Other Contract Labor
- 2500
- Other Income
- 3000
- Real Estate Taxes
- 5858
- Telephone Expense
- 1080
- Trash Expense
- 1054
- Vacancy Allowance Rate
- 5
- Water Sewer Expense
- 7829
Unit Details
- Number Of Units Vacant
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected
Association Amenities:
Coin Laundry; Security
Cooling:
Electric
Heating:
Electric; Hot Water; Natural Gas
Listing Terms:
Lease Option
Parking Features:
Paved
Possession:
Close Of Escrow
Roof:
Flat; Membrane; Other
Structure Type:
Multi Family
Listing Office:
Keller Williams Commonwealth
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.