1100 Horsemans Lane

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30663187
Property Subtypes: Student Housing
Status: Pending
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: 2/15/2021

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.

University of Kentucky Student Housing
12 Units: 36 beds/36 baths
Value-Add Opportunity Through Increasing Rents

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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

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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
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