220 Cedar Street, Lexington, KY 40508
$4,375,000
Property Type:
Residential Income
Bedrooms:
41
Baths:
45
Square Footage:
28,211
Status:
Closed
Current Price:
$4,375,000
List Date:
2/19/2022
Last Modified:
8/26/2025
Listing Details MLS# 22002873
Listing Information
- Comp Sale YN
- No
Status Change Information
- Price Change Timestamp
- 2022-03-03T14:28:27Z
- Status Change Timestamp
- 2022-05-13
- Purchase Contract Date
- 2022-04-04
- Close Date
- 2022-05-06
- Close Price
- 4375000
- Buyer Financing
- Conventional
- Sale Type
- Real Estate Owned
- Concessions Comments
- None
Address
- County
- Fayette
- Street Number
- 220
- Street Name
- Cedar
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40508
- Directions
- Center Court is located immediately across the street at the intersection of Euclid/Avenue of Champions. Street parking available during permitted hours on S Mill St. however be mindful of time restrictions for street parking to avoid violations.
- Parcel Number
- 00000000000
Contract
- Original List Price
- 5974400
- 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/SqFt
- 201.25
- Sold Price/SqFt
- 155.08
- SP/LP
- 0.77
Tax Legal
- MLS Area Major
- 004 - Fayette County SW
- Subdivision Name
- Centercourt
Interior
- Bedrooms Total
- 41
- Bathrooms Total
- 45
- Bathrooms Full
- 41
- Bathrooms Half
- 4
- Living Area
- 28211
More Information
Parking Information
- Parking Total
- 55
Building
- Year Built
- 2011
- Stories Total
- 4
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- Sold as a package of 21. 2 sold separately. Sold price reflects package of 21. This is your chance to own 23 fully occupied Class A condo's in the desirable Center Court complex of Lexington, KY! An opportunity like this is unheard of and these units have not been available since the complex's inception. Coming in at an incredible 47 bedrooms, 46 full bathrooms, and 4 half baths, these units comprise of 1+, 2, and 3 bedroom styles across a wide range of layouts. All available condos are part of the PHII portion of the complex. Their location can't be beat! Situated directly in the heart of Lexington, this package is right on the edge of the University of Kentucky campus and lively downtown area. Residents have the ability to bike or walk to any of the several restaurants, bars, breweries, parks, or shopping areas nearby! Buyer responsible to pay initial HOA capitalization fee at closing (1BR = $1000 , 2 BR =$1400, 3 BR = $180. Many units have had upgrades over the years including several with stainless steel appliances, granite countertops, upgraded kitchen cabinets, LVP floors, as well as upgraded bathroom finishings. The entire complex is monitored by a security system with cameras and code operated access doors, as well as a wet sprinkler system in each unit. Rentals in this building are in high demand! All units are occupied with many leases already being extended through through 7/31/2023. With such a high demand, the short supply of high end housing and the convenience of its location new ownership has the potential for rent growth in the future. Please find the full list of available units as well as rent and lease information as an attachment to this listing. Condos are available for sale as a full or partial package, as well as for sale individually. Call today, to set up your private showing before its too late! As individual units go under contract, this listing will not be updated until the individual unit closes escrow. Please find available / pending status on attached document.
Income and Expenses
- Gross Scheduled Income
- 35100
- Other Expense
- 9762
- Other Expense Description
- Monthly HOA for combined available Units
- Vacancy Allowance Rate
- 0
Showing Information
- Showing Instructions
- This condo is tenant occupied and requires 48 hour notice prior to all accepted showings. Larger group showings, may take additional time to coordinate. Please call listing agent
Tax & Legal
- Tax Rate
- 1.2727
- Zoning Description
- MU-2 - NEIGHBORHOOD CORRIDOR
Association/Community
- Number Of Buildings
- 2
- Number Of Units Total
- 23
Lot
- Lot Size Acres
- 0
- Lot Size Square Feet
- 0
Association Amenities
- Security
- Yes
Cooling
- Electric
- Yes
- Heat Pump
- Yes
Heating
- Electric
- Yes
- Forced Air
- Yes
- Heat Pump
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Covered
- Yes
- On Site
- Yes
Possession
- Rental Agreement
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Flat
- Yes
- Membrane
- Yes
Security Features
- Fire Sprinkler System
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- Multi Family
- Yes
Property Features
Utilities:
Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected
Association Amenities:
Security
Cooling:
Electric; Heat Pump
Heating:
Electric; Forced Air; Heat Pump
Listing Terms:
1031 Exchange; Cash; Conventional
Parking Features:
Covered; On Site
Possession:
Rental Agreement; Subject To Tenant Rights
Roof:
Flat; Membrane
Security Features:
Fire Sprinkler System
Special Listing Conditions:
Standard
Structure Type:
Multi Family
Listing Office:
RE/MAX Elite Lexington
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.