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$ 750,000
Active
1921 Oxford Circle Lexington, KY 40504
14 Beds
10 Baths
9,920 SqFt
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 9,920 sqft
Price per Sqft $75
Subdivision Cardinal Valley
MLS Listing ID 26008865
Bedrooms 14
Full Baths 10
Year Built 1959
Lot Size 0.301 Acres
Acres 0.3
Property Sub-Type Apartment
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.
Location
State KY
County Fayette
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
View Y/N N
Roof Type Composition,Shingle
Handicap Access No
Private Pool No
Schools
Elementary Schools Cardinal Valley
Middle Schools Beaumont
High Schools Dunbar
Others
Special Listing Condition Standard
Listed by Assurance Realty & Property Management
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