300 Codell Drive

Closed 6/2/25
Closed 6/2/25
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Sold
Last Sold Price
$550,000
8 beds3,456 sqft
300 Codell Drive, Lexington, KY 40509
Multi FamilyProperty Type
0.34 acresLot Size
1979Year Built
$159/sq ftPrice per sq ft
10 carsParking Spaces

Description

Don't miss out INCREASED ROI AND NEW REDUCED PRICE! Fully renovated 4-unit property, ready to start generating income right away! This turnkey gem boasts fresh updates throughout, including all new windows, sliding glass doors, and a brand-new roof installed in May (with a transferable warranty). The property also features a freshly paved driveway, giving it excellent curb appeal. Each of the four spacious units is a 2-bedroom, 1-bath layout, all newly renovated and currently occupied. With rents...Don't miss out INCREASED ROI AND NEW REDUCED PRICE! Fully renovated 4-unit property, ready to start generating income right away! This turnkey gem boasts fresh updates throughout, including all new windows, sliding glass doors, and a brand-new roof installed in May (with a transferable warranty). The property also features a freshly paved driveway, giving it excellent curb appeal. Each of the four spacious units is a 2-bedroom, 1-bath layout, all newly renovated and currently occupied. With rents currently below market value, there's huge potential for growth. Here's the breakdown:

Unit 1: $970/month
Unit 2: $1,100/month
Unit 3: $1,000/month
Unit 4: $1,150/month
That's $4,220 a month in rental income—plus, tenants pay all utilities except for the hallway electric bill! No HOA fees to worry about, either. Rents to increase to a total of $4,300 this Spring! Located in an excellent area, close to a brand-new hospital and easy access to the new circle, this property is perfect for investors looking for a steady stream of income and long-term growth. Act fast—this opportunity won't last long! Previous pending sale failed due to buyers financial inabilities.
  • Listed by: Victoria Movchan 859.333.7476 vmovchanhomes@gmail.com • eXp Realty, LLC
Listing closed: 06/02/2025 12:00 AM • Source: Imagine MLS, MLS#: 25000601

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Location

Listing Courtesy of eXp Realty, LLC

Sold By Keller Williams Commonwealth

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$3,255 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,936

Property Taxes

$319

HOA Dues

$0

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Property Information for 300 Codell Drive

Property Details
  • MLS Type: Residential Income / Quadruplex
  • County: Fayette County
  • Subdivision Name: Woodspoint
  • Zoning Description: Residential
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1979
  • Lot Size: 0.34 AC / 14,810 SF
Summary
Location and General Information
  • Directions: Exit 108 for Man O War Blvd. Merge onto Man o War Blvd W. Turn right onto Palumbo Dr. Turn left onto Codell Dr. Building on the left, parking behind the building.
  • Latitude: 38.016744
  • Longitude: -84.452877
  • MLS Area Major: 002 - Fayette County NE
  • MLS Area Minor: 002 - Fayette County NE
Taxes and HOA
  • Parcel Number: 12459551
School Information
  • Elementary School: Breckinridge
  • High School: Henry Clay
  • High School District: Fayette County - 1
  • Middle Or Junior School: Crawford
Parking
  • Attached Garage: No
  • Parking Features: On Site, Paved, Open
  • Parking Total: 10.0
Property
Lot Information
  • Lot Size Acres: 0.34
  • Lot Size Area: 0.34
  • Lot Size Square Feet: 14810.0
  • Lot Size Units: Acres
Property and Assessments
  • Building Area Total: 3456.0
  • Living Area: 3456.0
  • New Construction: No
  • Year Built: 1979
Building Features
  • Number Of Buildings: 1
  • Structure Type: Quadruplex
Utilities
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Multi Family
Multi Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $45
  • Gross Income: $48,000
  • Gross Scheduled Income: $48,000
  • Insurance Expense: $2,428
  • Net Operating Income: $44,312
  • Operating Expense: $105.00
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Stories Total: 2
Interior Features
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8
  • Cooling: Electric, Heat Pump
  • Cooling: Yes
  • Heating: Electric, Forced Air
  • Heating: Yes

Property History for 300 Codell Drive

DateEvent & SourcePriceAppreciation
Jun 2, 2025

Sold

Imagine MLS #25000601

$550,000—
May 5, 2025

Contract Signed

Imagine MLS #25000601

—
May 2, 2025

Sold (Public Record)

Public Record #1569206239

$550,000

+47.4% / yr

DateEvent & SourcePrice
06/02/2025

Sold

Imagine MLS #25000601

$550,000
05/05/2025

Contract Signed

Imagine MLS #25000601

—
05/02/2025

Sold (Public Record)

Public Record #1569206239

$550,000

+47.4% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 300 Codell Drive

Taxable ValueLand-Additions-Total-
Tax Record2025$3,833 ($319 / month)
Home Facts
Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtStories2Lot Size14,810 SqFtStyleMulti-Family Res (5+ Units)Year Built1979Year Renovated1979ZoningR-4CountyFAYETTEAPN12459551

Schools near 300 Codell Drive

This home is within Fayette County.
Rating
School
Type
Grades
Distance
Madeline M Breckinridge Elementary School
Public - PK to 5
Crawford Middle School
Public - 6 to 8
Henry Clay High School
Public - 9 to 12
Eastside Technical Center
Public - 9 to 12
Rating
School
Distance
Madeline M Breckinridge Elementary School
PublicPK to 5

Crawford Middle School
Public6 to 8

Henry Clay High School
Public9 to 12

Eastside Technical Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

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