London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale
BEDS24
BATHS12 full
SQUARE FEET10,368
MLS#26028360
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWinburn Estates
SCHOOLFayette County - 1
Property Description
Excellent investment opportunity featuring two six-unit apartment buildings at 1801 and 1805 Gerald Drive. The property offers 12 total units, each with 2 bedrooms and 1 bathroom, totaling 24 bedrooms and 12 bathrooms. Individually metered units, along with updated electrical systems and HVAC, provide added value for ownership and management. An income-producing multifamily asset offering investors the opportunity to expand their portfolio with established rental potential.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric
Fuel Type: Electric
Heating: Electric, Forced Air, Heat Pump
Lot Size: 1.13 Acres
Roof Type: Flat, Membrane, Dimensional Style, Shingle
Year Built: 1976
Feature Descriptions
Days on Site: 2
Laundry: Electric Dryer Hookup, Washer Hookup
Laundry Features: Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 1.125 acre(s)
Parcel #: 16556500
Parking Notes: On Site, Paved, Open
Structure Type: Multi Family
Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Local Schools
High School: Bryan Station
Middle School: Winburn
Elementary School: Mary Todd
School District: Fayette County - 1
Listed By / Shown By
Listed By
Agency Name: Bluegrass Sotheby's International Realty
Shown By
Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000
Estimate Your Payment
Estimated Payment
$ 3,398.13 per month $3,142.95 Principal & Interest $0.00 Property Tax (data not provided by mls) $255.18 Homeowner's Insurance
1801 & 1805 Gerald Drive | MLS# 26028360
This multi-family property located at 1801 & 1805 Gerald Drive, Lexington, KY 40511 is currently listed for sale with an asking price of $874,900. & 1805 Gerald Drive is located within the Fayette County - 1 school district. Search Lexington real estate on www.salliedavidson.com today.