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:
8/26/2025
Overview
Description
Listing Details MLS# 1618946
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2016-10-31T17:56:32Z
- Status Change Timestamp
- 2016-10-31
- Purchase Contract Date
- 2016-09-02
- Close Date
- 2016-10-31
- Close Price
- 1525000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
- Concessions Comments
- no
Address
- County
- Fayette
- Street Number
- 232
- Street Name
- Waller
- Street Suffix
- Avenue
- State
- 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 Contract Date
- 2016-08-24
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- SP/LP
- 0.95
Tax Legal
- MLS Area Major
- 004 - Fayette County SW
- Subdivision Name
- Forest Park
Parking Information
- Parking Total
- 35
More Information
Building
- Year Built
- 1999
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- 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
Interior
- Bathrooms Half
- 0
Lot
- Lot Size Acres
- 0
- Lot Size Square Feet
- 0
Association Amenities
- Security
- Yes
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Shingle
- Yes
Security Features
- Fire Sprinkler System
- Yes
Structure Type
- Multi Family
- Yes
Property Features
Utilities:
Electricity Connected; Electricity Connected
Association Amenities:
Security
Cooling:
Electric
Heating:
Electric
Parking Features:
On Site; Paved
Possession:
Close Of Escrow
Roof:
Shingle
Security Features:
Fire Sprinkler System
Structure Type:
Multi Family
Listing Office:
Block + Lot Homes
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.