Seller's Agent in 2025
Victoria Movchan
EXP Realty, LLC
(253) 394-4282
2 in this area
30 Total Sales
300 Codell Dr Lexington, KY 40509
Woodhill Neighborhood
8
Beds
4
Baths
3,456
Sq Ft
14,810
Sq Ft Lot
Highlights
- 0.34 Acre Lot
- Cooling Available
- Forced Air Heating System
- Henry Clay High School Rated A-
About This Home
As of June 2025Don'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.
Last Agent to Sell the Property
EXP Realty, LLC License #288337 Listed on: 01/13/2025
Last Buyer's Agent
Kate Turner
Keller Williams Commonwealth
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 0.34 Acre Lot
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 3,456 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 10 Parking Spaces
- Paved Parking
- Open Parking
Schools
- Breckinridge Elementary School
- Crawford Middle School
- Henry Clay High School
Utilities
- Cooling Available
- Forced Air Heating System
- Air Source Heat Pump
Listing and Financial Details
- Assessor Parcel Number 12459551
Community Details
Overview
- 4 Units
- Woodspoint Subdivision
Building Details
- Electric Expense $45
- Insurance Expense $2,428
- Operating Expense $105
- Gross Income $48,000
- Net Operating Income $44,312
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | Sold | $550,000 | -4.3% | $159 / Sq Ft |
| 05/01/2025 05/01/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | Price Changed | $575,000 | -3.4% | $166 / Sq Ft |
| 04/02/2025 04/02/25 | Price Changed | $595,000 | -2.5% | $172 / Sq Ft |
| 03/10/2025 03/10/25 | Price Changed | $610,000 | -3.9% | $177 / Sq Ft |
| 01/13/2025 01/13/25 | For Sale | $635,000 | -- | $184 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,833 | $310,000 | $0 | $0 |
| 2024 | $3,833 | $310,000 | $0 | $0 |
| 2023 | $2,315 | $187,200 | $0 | $0 |
| 2022 | $2,391 | $187,200 | $0 | $0 |
| 2021 | $2,391 | $187,200 | $0 | $0 |
| 2020 | $2,391 | $187,200 | $0 | $0 |
| 2019 | $2,391 | $187,200 | $0 | $0 |
| 2018 | $2,391 | $187,200 | $0 | $0 |
| 2017 | $2,279 | $187,200 | $0 | $0 |
| 2015 | $1,679 | $139,200 | $0 | $0 |
| 2014 | $1,679 | $139,200 | $0 | $0 |
| 2012 | $1,679 | $150,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Victoria Movchan
-
K
Buyer's Agent in 2025
Kate Turner
Keller Williams Commonwealth
Map
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25000601
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