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253-255 N. Broadway, Lexington, Kentucky
Constructed ca. 1878 by the prominent Lexington banker & hemp dealer Avery S. Winston, 255 North Broadway is a fine example of Italianate architecture. Believed to have been designed by the noted Cincinnatus Shyrock, the home contained some of the finest ceiling plaster-work & architectural details of the era. Sometime in the early 20th century, the home was converted into apartments. Over the past few years, the current owner has painstakingly restored & updated the magnificent structure, which is currently divided into three units (with a combined 4BR, 3.5BA), a full, concrete-floored basement and a spectacular third-floor attic, which could be finished. Offering tremendous income potential, the home could continue to serve as a unique Downtown rental property – or be converted back to a magnificent single family residence. A large Ginkgo tree anchors the backyard, along with a brick carriage house which has been converted into a 2BR/2BA guest home – yet another in-demand urban-living space and subsequent stream of income. The current owner has enjoyed several long-term tenants, with a history of timely & reliable rent payments.