Rare investment opportunity in a prime Lexington location! This updated 4-unit apartment complex is ideally situated next to Central Baptist Hospital and just over a mile from the University of Kentucky, offering strong rental demand and excellent convenience. Each of the four units features 2 bedrooms and 2 full baths, with spacious living rooms that provide comfortable gathering space and an ample kitchen with plenty of cabinet storage, making each unit highly desirable for tenants. All units are located on the third floor of a professional office building, offering added privacy and a unique mixed-use setting. The property includes a common laundry area with coin-operated machines, as well as both elevator and stair access for ease of entry. Tenants will also appreciate the onsite paved parking lot, a valuable amenity in this highly sought-after area. With updated interiors, generous living spaces, and a fantastic location, this property is perfect for investors looking to expand their portfolio with a low-maintenance, income-producing asset.
Property Features
Cooling Information
Central Air
Ceiling Fan(s)
Electric
Heat Pump
Utilities
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Heating Information
Heat Pump
Natural Gas
Parking
On Site
Paved
School Information
School Information for 1640 Nicholasville Road, Lexington, KY 40503
Elementary School
Glendover
Middle School
Mary E Britton
High School
Lafayette
Listing Courtesy: Keller Williams Commonwealth - 859-721-2121