2248 Dinsmore Drive, Lexington, KY 40502

$1,118,000
Property Type: Residential Income Status: Closed
Current Price: $1,118,000 List Date: 3/02/2015 Last Modified: 8/26/2025

Overview

Description

Recently renovated 30 unit apartment building that provides positive cash flow with minimal monthly maintenance costs! These are all 1 bedroom units with 2 different, open floorplans. These 30 units have undergone a dramatic interior face-lift that most apartments at this price do not have. Updates since 2009: kitchen cabinets/counters, stove/fridge, laminate flooring, tile flooring, paint on ceiling/walls/trim, bath vanities, plumbing fixtures, 2 commercial hot water heaters that run the entire building, and much more! Also, most of the HVAC units have either been updated or replaced. The floorplans for these 1 bedroom units are all very spacious and open. The family room opens into the kitchen area. The bedroom is very spacious. The bathrooms have 2 doors (one from the hallway and one from the bedroom). There is a coin-operated laundry in the basement. The washer/dryers are owned and not leased so that generates another source of income.

Listing Details MLS# 1503789

Listing Information

Property Sub Type
Apartment

Status Change Information

Price Change Timestamp
2015-09-17T13:55:55Z
Status Change Timestamp
2015-09-17
Purchase Contract Date
2015-07-01
Close Date
2015-09-16
Close Price
1118000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
na

Address

County
Fayette
Street Number
2248
Street Name
Dinsmore
Street Suffix
Drive
Street Suffix Modifier
2256
State
KY
Zip Code
40502
Directions
Take Richmond Rd to Fontaine Rd. Turn left onto Dinsmore Dr. Property is at the end of the street on the right.

Contract

Original List Price
1200000
Start Showing Date
2015-02-27
Listing Contract Date
2015-02-27
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
SP/LP
0.93

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Commercial

Building

Year Built
1969

More Information

Remarks

Public Remarks
Recently renovated 30 unit apartment building that provides positive cash flow with minimal monthly maintenance costs! These are all 1 bedroom units with 2 different, open floorplans. These 30 units have undergone a dramatic interior face-lift that most apartments at this price do not have. Updates since 2009: kitchen cabinets/counters, stove/fridge, laminate flooring, tile flooring, paint on ceiling/walls/trim, bath vanities, plumbing fixtures, 2 commercial hot water heaters that run the entire building, and much more! Also, most of the HVAC units have either been updated or replaced. The floorplans for these 1 bedroom units are all very spacious and open. The family room opens into the kitchen area. The bedroom is very spacious. The bathrooms have 2 doors (one from the hallway and one from the bedroom). There is a coin-operated laundry in the basement. The washer/dryers are owned and not leased so that generates another source of income.

Tax & Legal

Zoning Description
R-4

Association/Community

Number Of Units Total
30

Interior

Bathrooms Half
0

Lot

Lot Size Acres
0
Lot Size Square Feet
0

Special Listing Conditions

Standard
Yes

Structure Type

Multi Family
Yes

Property Features

Special Listing Conditions: Standard Structure Type: Multi Family
Listing Office: Silvestri Real Estate, LLC
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.