505 Delzan Place, Lexington, KY 40503
$2,000,000
Property Type:
Residential Income
Bedrooms:
2
Baths:
2
Square Footage:
1,075
Lot Size (sq. ft.):
174,240
Status:
Closed
Current Price:
$2,000,000
List Date:
9/08/2014
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 1417426
Listing Information
- Property Sub Type
- Apartment
Status Change Information
- Price Change Timestamp
- 2015-05-18T14:55:19Z
- Status Change Timestamp
- 2015-05-18
- Purchase Contract Date
- 2015-01-20
- Close Date
- 2015-05-15
- Close Price
- 2000000
- Buyer Financing
- Conventional
- Concessions Comments
- na
Address
- County
- Fayette
- Street Number
- 505
- Street Name
- Delzan
- Street Suffix
- Place
- Street Suffix Modifier
- 601
- State
- KY
- Zip Code
- 40503
- Directions
- Take Clays Mill Road to Delzan Place. Townhomes will be in the left.
- Parcel Number
- UNKNOWN
Contract
- Original List Price
- 2695000
- Start Showing Date
- 2014-09-02
- Listing Contract Date
- 2014-09-02
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/Acre
- 616250
- List Price/SqFt
- 2293.02
- Sold Price/Acre
- 500000
- Sold Price/SqFt
- 1860.47
- SP/LP
- 0.81
Tax Legal
- MLS Area Major
- 004 - Fayette County SW
- Subdivision Name
- Commercial
Interior
- Bedrooms Total
- 2
- Bathrooms Total
- 2
- Bathrooms Full
- Yes
- Bathrooms Half
- Yes
- Living Area
- 1075
More Information
Parking Information
- Parking Total
- 56
Building
- Year Built
- 1979
Lot
- Lot Size Acres
- 4
- Lot Size Square Feet
- 174240.16
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Connected
- Yes
Remarks
- Public Remarks
- 49 individual deeded 2 bedroom townhomes. Tax ID Numbers 24518001 thru 24518049. Approximately 1024 square feet each per PVA.
Income and Expenses
- Credit and Vacancy Losses
- 28633
- Gross Income
- 352212
- Gross Operating Income
- 323578
- Gross Scheduled Income
- 352212
- Less Operating Expenses
- 181581
- Net Operating Income
- 141997
Tax & Legal
- Tax Rate
- 1.1637
- Zoning Description
- R-4
Association/Community
- Number Of Units Total
- 49
Cooling
- Electric
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
Possession
- Other
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- Multi Family
- Yes
Property Features
Utilities:
Electricity Connected; Electricity Connected
Cooling:
Electric
Heating:
Electric; Heat Pump
Possession:
Other
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.