1100 Horsemans Lane

Multi-Family for Sale
Catylist Listing ID: 30663187
Property Subtypes: Student Housing
Number of Units: 12 Units
Building Size (RSF): 17,796 SF
Sale Price: $1,500,000
Unit Price: $125,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/2/2020

Overview / Comments

We are pleased to present this student housing investment opportunity at the University of Kentucky. 1100 Horsemans Lane is a 12-unit townhome style property that is ideally located and designed for student housing. Each unit consists of 3 bedrooms and 3 bathrooms, full kitchens, living area, and is two stories. This property has a value add opportunity through increasing rents yet still maintaining an affordable, value housing option for students at the University of Kentucky.

Highlights:
University of Kentucky Student Housing
12 Units: 36 beds/36 baths
$1,500,000
Value-Add Opportunity Through Increasing Rents

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 10024800
Zoning: R-3
Percent Occupied: 92%
Area Description: 1100 Horsemans Lane is located in the heart of Lexington, KY within close proximity to the University of Kentucky's college campus. This property has been a desirable and economical student housing option for students wishing to be off-campus but within walking/biking distance. There are several larger student housing complexes along this corridor that have undergone extensive renovations bringing life back to the area.
Property Condition: Good
Year Built: 1986
Year Renovated: 2017

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,254 111,656 237,182
Median Age: 29.39 35.2 35.28
Households: 8,380 46,331 100,605
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.