209 Old Todds Road, Lexington, KY 40509
$4,268,000
Property Type:
Residential Income
Bedrooms:
78
Baths:
114
Square Footage:
38,000
Lot Size (sq. ft.):
32,000
Status:
Closed
Current Price:
$4,268,000
List Date:
2/19/2022
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 22002875
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Apartment
Status Change Information
- Status Change Timestamp
- 2022-06-30
- Purchase Contract Date
- 2022-05-16
- Close Date
- 2022-06-29
- Close Price
- 4268000
- Buyer Financing
- Other
- Sale Type
- Arms Length Sale
- Concessions Comments
- No
Address
- County
- Fayette
- Street Number
- 209
- Street Name
- Old Todds
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40509
- Directions
- Richmond Rd to Old Todds. The entrance is tucked away next to Center Point Church.
- Parcel Number
- 38208880
Contract
- Original List Price
- 4440000
- Start Showing Date
- 2022-02-19
- Listing Contract Date
- 2022-02-19
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 6040816.33
- List Price/SqFt
- 116.84
- Sold Price/Acre
- 5806802.72
- Sold Price/SqFt
- 112.32
- SP/LP
- 0.96
Tax Legal
- MLS Area Major
- 002 - Fayette County NE
- Subdivision Name
- Richmond Woods
- High School District
- Fayette County - 1
Interior
- Bedrooms Total
- 78
- Bathrooms Total
- 114
- Bathrooms Full
- 90
- Bathrooms Half
- 24
- Living Area
- 38000
More Information
Parking Information
- Parking Total
- 56
Building
- Year Built
- 2007
Lot
- Lot Size Acres
- 0.735
- Lot Size Square Feet
- 32000
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- 24 individually deeded, huge, newly renovated townhomes. You will not find a nicer and bigger townhome at this price on the market! These units average around 1580 sq ft per unit, upgraded kitchen and bath cabinets, tiled floors in most of the kitchen/bath areas, 11 units have 2 car garages, most of the units are 3 stories, and are mostly brick throughout! Current rents are around $29,300 and are a little below market. Updates include (varies in each unit) fresh paint, carpet/vinyl, lights, appliances, etc. The major CapEx has already been done for the next owner. The location is great! Restaurants are within walking distance, on a bus-line, and are minutes from New Circle Rd, 10 minutes from UK and downtown. The ongoing expenses are around $85/mo for fire hydrant, $300/mo for trash, and around $250/mo for grounds/landscaping. Agent is part of the ownership of this property.
Showing Information
- Showing Instructions
- Will show with accepted contract so that I won't be disturbing the tenants too much.
Tax & Legal
- Tax Rate
- 1.2419
- Zoning Description
- R-4
Association/Community
- Number Of Buildings
- 5
- Number Of Units Total
- 24
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
Parking Features
- On Site
- 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; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Cooling:
Electric
Heating:
Electric
Parking Features:
On Site
Possession:
Close Of Escrow
Roof:
Shingle
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
Realty Solutions
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.