1921 Oxford Circle,Lexington, KY 40504
Lexington, KY 40504
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.
Details
| MLS # | 26008865 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 136 |
| Listing Provided By | Assurance Realty & Property Management | S Ann Wesley |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 10 Total |
| SQ Feet | 9,920 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | R3 |
| Acreage | 0.30 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating | Forced Air |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition, Shingle |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|
Area Information
| State | KY |
|---|---|
| County | Fayette |
| City | Lexington |
| Zip Code | 40504 |
| Area | 004 Fayette County SW |
| Subarea | Fayette County SW |
| Community Name | Cardinal Valley |
| School District | Fayette County |
| Elementary School | Cardinal Valley |
| High School | Dunbar |
| Listing VS Median (in Cardinal Valley) | |
Price: $725,000 low | high Med: $237,450 sqft: 9,920 low | high Med: 1,026 $ / sqft: $73 low | high Med: $231 On site: 136 low | high Med: 100 | |
Market Activity 40504
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Learn More About This Property
| State | KY |
|---|---|
| County | Fayette |
| City | Lexington |
| Zip Code | 40504 |
| Area | 004 Fayette County SW |
| Subarea | Fayette County SW |
| Community Name | Cardinal Valley |
| School District | Fayette County |
| Elementary School | Cardinal Valley |
| High School | Dunbar |
| Listing VS Median (in Cardinal Valley) | |
Price: $725,000 low | high Med: $237,450 sqft: 9,920 low | high Med: 1,026 $ / sqft: $73 low | high Med: $231 On site: 136 low | high Med: 100 | |