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1416 Townley Drive, Lexington, KY 40511
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1416 Townley Drive, Lexington, KY 40511
1416 Townley Drive, Lexington, KY 40511
1416 Townley Drive, Lexington, KY 40511
1416 Townley Drive, Lexington, KY 40511
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Team Pruitt

Team Pruitt

+1(502) 442-2030
$ 1,250,000
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Pending

1416 Townley Drive Lexington, KY 40511

16 Beds

16 Baths

5,040 SqFt

UPDATED:

Key Details

Property Type Residential Income

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 5,040 sqft

Price per Sqft $248

Subdivision Commercial

MLS Listing ID 26000503

Bedrooms 16

Full Baths 16

Year Built 1959

Lot Size 0.405 Acres

Acres 0.41

Property Sub-Type Apartment

Property Description

1416 Townley Drive is a 16-unit multifamily property in Lexington, KY. Its location offers excellent access to downtown Lexington, major employment centers, universities, public transportation, healthcare centers, and retail corridors. The property, built in 1959, is 5,040 square feet and is situated on .405 acres. Each unit is a 330 square feet studio apartment with hardwood and tile floors and a designated kitchen area with range, oven, and refrigerator. Basement storage is available to Tenants and there is an opportunity to add coin laundry in the basement. The property is ideally located in the popular Meadowthorpe neighborhood near the new Commons development and just off Leestown Road, a main Lexington thoroughfare. The location is a strong demand rental area with low vacancy rates. This property can be sold individually or along with other properties in a 60-unit multifamily portfolio. The 60-unit multifamily portfolio is strategically located in the heart of Central Kentucky. The Central Kentucky area benefits from strong renter demand, low vacancy rates, and a stable market. This is a rare opportunity to acquire a large and stabilized multifamily portfolio in one of Kentucky's most reliable rental markets. The other properties in the portfolio are 200 N. Hill-N-Dale Street in Danville, KY and 115 Delmont Drive in Lexington, KY. Financials available upon request.

Location

State KY

County Fayette

Zoning R-1C

Interior

Heating Other

Cooling Other

Exterior

Parking Features On Site, Paved

View Y/N N

Handicap Access No

Private Pool No

Schools

Elementary Schools Meadowthorpe

Middle Schools Leestown

High Schools Dunbar

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Block + Lot Homes
Team Pruitt

Team Pruitt

The Real Estate Team | License ID: 196568

+1(502) 442-2030

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1416 Townley Drive

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