1921 Oxford Circle, Lexington, KY 40504
1921 Oxford Circle, Lexington, KY 40504
1921 Oxford Circle, Lexington, KY 40504
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Mimi Iverson

Mimi Iverson

+1(859) 310-2814
$725,000
14 Beds
10 Baths
9,920 SqFt
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 9,920 sqft

Price per Sqft $73

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

Motivated Seller! 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 converting 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

Read Less Info
Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Assurance Realty & Property Management

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1921 Oxford Circle

Mimi Iverson

Mimi Iverson

Agent | License ID: 271853

+1(859) 310-2814

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