$775,000
Lexington, KY 40511
MLS# 1200307
Status: Closed
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Property Description
73 Units, a.k.a 1760 McCullough/a.k.a 1740 McCullough. 37 Two Bedroom units, and 36 One Bedroom units.
Details
Status Change Information
Price Change Timestamp: 2012-05-02T14:35:18Z
Status Change Timestamp: 2012-05-02
Purchase Contract Date: 2012-04-01
Close Date: 2012-04-26
Close Price: 775000
Buyer Financing: Conventional
Address
County: Fayette
Street Number: 1218
Street Name: Winburn
Street Suffix: Drive
State: KY
Zip Code: 40511
Directions: Russell Cave Outbound to Winburn
Parcel Number: 16786851
Contract
Current Price: $775,000
Original List Price: 999000
Status: Closed
Start Showing Date: 2012-01-05
Listing Contract Date: 2012-01-05
Sold Price: $775,000
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
SP/LP: 0.78
Parking Information
Parking Total: 56
Utilities
Cooling YN: Yes
Heating YN: Yes
Remarks
Public Remarks: 73 Units, a.k.a 1760 McCullough/a.k.a 1740 McCullough. 37 Two Bedroom units, and 36 One Bedroom units.
Building and Property Details
Laundry SqFt: 1617
Income and Expenses
Accounting, Legal & Collections Expense: 3000
Advertising License & Permit Expense: 500
Cash Flow Before Tax: 55000
Credit and Vacancy Losses: 18000
Electric Expense: 28000
Gross Income: 320000
Gross Operating Income: 180000
Gross Scheduled Income: 376320
Insurance Expense: 12600
Janitorial Services Expense: 1000
Lawn Services Expense: 3700
Maintenance Expense: 15000
Net Operating Income: 140000
Operating Expense: 180000
Other Contract Labor: 1000
Personal Property Taxes: 2100
Professional Management Expense: 23000
Real Estate Taxes: 13000
Taxes, Work Comp: 1200
Trash Expense: 2700
Water Sewer Expense: 25500
Unit Details
Number Of Units Vacant: 22
Listing Information
Property Sub Type: Apartment
Tax Legal
MLS Area Major: 001 - Fayette County NW
Subdivision Name: Winburn Estates
Building
Year Built: 1969
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Electricity Connected; Natural Gas Connected
Association Amenities: Coin Laundry
Cooling: Electric
Heating: Electric; Heat Pump; Natural Gas
Possession: Close Of Escrow
Roof: Shingle
Special Listing Conditions: Standard
Structure Type: Multi Family
Listing Office: RE/MAX Creative Realty
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.