London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale
BEDS14
BATHS10 full
SQUARE FEET9,920
MLS#26008865
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCardinal Valley
SCHOOLFayette County - 1
Property Description
Attention Investors! 8% potential cap rate. Don't miss this excellent opportunity to own a 10-unit multifamily property with strong income potential. The building features 6 one-bedroom units and 4 two-bedroom units, offering a desirable unit mix for a wide range of tenants. Each unit includes a refrigerator and stove and is separately metered for utilities, helping reduce owner expenses and simplify management. The property also boasts a large attic space, providing valuable storage or potential for additional possible rental income with future development. Additional value could be added by coverting Two-bedroom units into three-bedroom units by enclosing the dining room and adding a closet. Potential to increase rents through upgrades or reconfiguration. Major improvement already completed: New flooring in #4,5, 6 & 8 2026, New Paint in 4, 6 & 8 2026, Joist Replacement 2025, New carpet in hallway 2026, New Roof & removed dormers 2025 New Water Heaters #2, #10 2025, #9 2026, New Panel Box #4 2024, New Air Conditioners #4, #7 2024. Don't miss this investment opportunity.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Heating: Forced Air
Lot Size: 0.30 Acres
Roof Type: Composition, Shingle
Year Built: 1959
Feature Descriptions
Lot Dimensions: 0.301 acre(s)
Parcel #: 14754800
Structure Type: Multi Family
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Local Schools
High School: Dunbar
Middle School: Beaumont
Elementary School: Cardinal Valley
School District: Fayette County - 1
Listed By / Shown By
Listed By
Agency Name: Assurance Realty & Property Management
Shown By
Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000
Estimate Your Payment
Estimated Payment
$ 2,913.02 per month $2,694.27 Principal & Interest $0.00 Property Tax (data not provided by mls) $218.75 Homeowner's Insurance
1921 Oxford Circle | MLS# 26008865
This multi-family property located at 1921 Oxford Circle, Lexington, KY 40504 is currently listed for sale with an asking price of $750,000. Oxford Circle is located within the Fayette County - 1 school district. Search Lexington real estate on www.salliedavidson.com today.