232 Waller Avenue, Lexington, KY 40503
$1,525,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$1,525,000
List Date:
8/24/2016
Last Modified:
10/13/2026
Overview
Description
Listing Details MLS# 1618946
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2016-10-31T17:56:32Z
- StatusChangeDate
- 2016-10-31
- Contract Acceptance Date
- 2016-09-02
- Sold Date
- 2016-10-31
- Buyer Financing
- Conventional
- Concessions Comments
- no
- Sale Type
- Arms Length Sale
Address
- County
- Fayette
- Street #
- 232
- Street
- Waller
- St Suffix
- Avenue
- State/Province
- KY
- Zip Code
- 40503
- Directions
- From Nicholasvill Rd./Limestone - Turn West on Waller Ave. Property is located on your Left - Sign says Waller Crossing.
- Parcel Number
- 25625300
Contract
- Original List Price
- 1600000
- Start Showing Date
- 2016-08-24
- Listing Price
- 1600000
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- SP/LP
- 0.95
Tax Legal
- Area
- 004 - Fayette County SW
- Subdivision/Condo
- Forest Park
Parking Information
- Parking Total
- 35
More Information
Building
- Year Built
- 1999
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Located less than a mile from the University of Kentucky Campus, this multi-family building is positioned in a highly desirable rental area, and boasts VERY strong historical occupancy. The property consists of 10 residential units, comprised of 34 bedrooms as well as a 2 car garage (Leased w/4BR unit). Property is 100% leased through July 31, 2017. The first floor was renovated in 2015, adding 2 brand new residential units (6BR/3BA and 4BR/2BA). The second and third floors consist of 8 recently upgraded 3BR/2BA units. All units contain their own washer/dryer. Tenants are responsible for their own utilities. The property has 24-Hour Video surveillance and sprinkler system.Disclosure: Principal is a licensed real estate agent in the state of Kentucky.
Income and Expenses
- Gross Scheduled Income
- 171000
- Net Operating Income
- 116000
Showing Information
- Showing Instructions
- Contact Agent for Tours - Must allow 24 hour notice to tenants before any tours. Owner/Agent
Tax & Legal
- Zoning Description
- R-3
Association/Community
- Number Of Buildings
- 1
- Number Of Units Total
- 10
Lot
- Lot Size Square Feet
- 0
Parking Features
- Paved
- Yes
Property Features
Utilities:
Electricity Connected; Electricity Connected
Association Amenities:
Security
Cooling:
Electric
Heating:
Electric
Parking Features:
On Site
Possession:
Close Of Escrow
Roof:
Shingle
Security Features:
Fire Sprinkler System
Structure Type:
Multi Family
Listing Office:
Block + Lot Homes
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.