Court-Ordered Foreclosure Auction | MFR Opp. 1980-2016 Cambridge Dr 70 Apartment Units Online Auction Sale Lexington, KY 40504

The sale is being conducted per court order by the Master Commissioner of the Fayette Circuit Court. The property is sold “As Is”/“Where Is” with no warranty of merchantability or fitness for a particular purpose of any type or nature. The condition of the property is not warranted by the court, by the Master Commissioner, or by the Plaintiff/judgment holder. Neither the Master Commissioner, the court or the Plaintiff (judgment holder) warrant or guarantee in any manner that the title is free and clear. The third-party purchasers will have 10 days after the sale to have their attorney perform a title exam, and if any issues are found, they will need to file an Objection to the sale.

Bidders are required to fill out in advance of bidding the Affidavit For Surety Bond and Info sheet located in the Due Diligence room. This form will also need to be notarized, in advance of bidding. If you are the winning bidder, the Salebond will be sent to you immediately after the auction to be signed and notarized.

Bidders are required to fill out in advance of bidding the Affidavit For Surety Bond and Info sheet located in the Due Diligence room. This form will also need to be notarized, in advance of bidding. If you are the winning bidder, the Salebond will be sent to you immediately after the auction to be signed and notarized.

CBRE IN + OH + KY Multifamily is pleased to present the exclusive listing of the Cambridge Homes for sale to qualified investors.
The acquisition of this property offers investors the compelling opportunity to own 70 remodeled apartment units in the Cardinal Valley neighborhood of Lexington, Kentucky.

Cambridge Apartments comprises 38 one-bedroom units averaging 662 square feet, and 32 two-bedroom units averaging 850 square feet. The complex spans 52,375 square feet across six buildings on a 2.72-acre parcel. Unit features include heat and air conditioning, tub/shower bathrooms, and hardwood flooring. Site amenities include 24-hour resident access, an on-site coin laundry facility, and convenient public transit.

West Lexington offers suburban living inside New Circle Road, the heavily traveled beltway around Lexington. Downtown Lexington and the University of Kentucky are within a few miles, and daily necessities such as grocery stores and restaurants are available throughout the neighborhood, as are nearby parks and entertainment. The Lextran bus stops are sprinkled throughout the area, providing easy access for residents and daytime commuters.

There are plenty of parks throughout the community. McConnell Springs Park (2.5 miles) is the largest, offering 26 acres of natural landscape laced with trails. Cross Keys Park (1 mile) is another popular spot with walking paths around a pond. There are also several pocket parks, including Wolf Run Park (1 mile), Gardenside Park (1.7 miles), and Valley Park (0.5 miles), which offer playgrounds, green space, and athletic fields. A short drive outside of the suburb is Keeneland (3.5 miles), the city’s destination for thoroughbred racing and auctions.

Lexington is a mid-sized metro anchored by a diverse and resilient economic base. Rent growth has remained positive, increasing by 3.0% over the past year, well above the national average, supported by Lexington's relative affordability. The University of Kentucky is the region's largest employer and a major economic engine, supporting multifamily demand, along with office and retail demand, too. The metro sits at the crossroads of Interstates 64 and 75, placing it within a day's drive of roughly two-thirds of the US population.

With a highly educated workforce, low business costs relative to peer markets, and a quality of life that consistently earns national recognition, Lexington offers a compelling environment for sustained commercial real estate.

Property tours are by appointment only. Please contact the listing broker to schedule.