3251 verandah Place, Lexington, KY 40513

$6,982,500
Property Type: Residential Income Bedrooms: 3 Baths: 3 Square Footage: 1,878 Lot Size (sq. ft.): 5,584 Status: Closed
Current Price: $6,982,500 List Date: 12/23/2024 Last Modified: 11/07/2025

Overview

Description

Great rental properties. Low maintenance. Great school zones. 100% rented. 2 car garage attached that is large enough to hold 4 cars. Main level has wood floors and built in cabinets, kitchen, dinning room, family room, half bath, deck over garage. 2nd floor has a master with tub, shower, walking closet. Second floor also has full bath shared by other two bedrooms and a hookup for washer and dryer. HOA manages everything outside the units including landscaping, trash pickup and snow removal.

Listing Details MLS# 24026069

Listing Information

Comp Sale YN
No
Property Sub Type
Quadruplex

Status Change Information

Status Change Timestamp
2025-04-11
Purchase Contract Date
2025-01-28
Close Date
2025-03-31
Close Price
6982500
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
none

Address

County
Fayette
Street Number
3251
Street Name
verandah
Street Suffix
Place
State
KY
Zip Code
40513
Directions
From Harrodsburg Road turn into Beaumont Centre. Continue straight through first street light and turn left at the four way stop. Townhomes are on your left with parking in the rear.
Parcel Number
38219460

Contract

Original List Price
7999000
Start Showing Date
2024-12-20
Listing Contract Date
2024-12-20
Listing Agreement
Exclusive Right To Sell
Owner Name
Dixiana Properties, LLC
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
62394695.79
List Price/SqFt
4259.32
Sold Price/Acre
54465678.63
Sold Price/SqFt
3718.05
SP/LP
0.87

Tax Legal

MLS Area Major
004 - Fayette County SW
Subdivision Name
Beaumont
High School District
Fayette County - 1

Interior

Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
2
Bathrooms Half
Yes
Living Area
1878

More Information

Parking Information

Parking Total
5

Building

Year Built
2009
Stories Total
2

Lot

Lot Size Acres
0.1282
Lot Size Square Feet
5584

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
Great rental properties. Low maintenance. Great school zones. 100% rented. 2 car garage attached that is large enough to hold 4 cars. Main level has wood floors and built in cabinets, kitchen, dinning room, family room, half bath, deck over garage. 2nd floor has a master with tub, shower, walking closet. Second floor also has full bath shared by other two bedrooms and a hookup for washer and dryer. HOA manages everything outside the units including landscaping, trash pickup and snow removal.

Building and Property Details

Building Expansion Potential YN
No

Income and Expenses

Gross Scheduled Income
39100
Vacancy Allowance Rate
100

Showing Information

Showing Instructions
All the units are rented. We will need a few days notice to get access to the units. All the units as basically identical inside withe a few minor differences. Please call ahead of time to arrange a viewing.

Tax & Legal

Elementary School
Rosa Parks
Middle Or Junior School
Beaumont
High School
Dunbar
Tax Rate
1.2223
Zoning Description
R1T

Association/Community

Number Of Buildings
19
Number Of Units Total
19

Cooling

Electric
Yes
Heat Pump
Yes

Heating

Electric
Yes
Heat Pump
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Roof

Composition
Yes
Shingle
Yes

Special Listing Conditions

Standard
Yes

Structure Type

Quadruplex
Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Electric; Heat Pump Heating: Electric; Heat Pump Listing Terms: Cash; Conventional Possession: Close Of Escrow Roof: Composition; Shingle Special Listing Conditions: Standard Structure Type: Quadruplex
Listing Office: Biederman Real Estate
Last Updated: November - 07 - 2025
Information deemed reliable but not guaranteed.