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: 10/13/2026

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
StatusChangeDate
2015-09-17
Contract Acceptance Date
2015-07-01
Sold Date
2015-09-16
Buyer Financing
Conventional
Concessions Comments
na
Sale Type
Arms Length Sale

Address

County
Fayette
Street #
2248
Street
Dinsmore
St Suffix
Drive
State/Province
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.
Street Suffix Modifier
2256

Contract

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

Tax Legal

Area
003 - Fayette County SE
Subdivision/Condo
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

Lot

Lot Size Square Feet
0

Property Features

Special Listing Conditions: Standard Structure Type: Multi Family
Listing Office: Silvestri Real Estate, LLC
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.