Scotland Woods

Multi-Family for Sale
Catylist Listing ID: 30295362
Property Subtypes: Low-Rise/Garden
Number of Units: See Agent
Building Size (RSF): 55,000 SF
Gross Building Area: See Agent
Gross Land Area: 4.46 Acres
Sale Price: $2,450,000
Sale Terms: Cash to Seller
Cap Rate: 8.15%
Last Updated: 8/3/2018

Overview / Comments

Cash-flowing value-add property located in Kentucky's fastest growing city, Georgetown KY!* Scotland Woods is comprised of (64) 2 bedroom 1 bathroom units (mix of garden and townhome style) and one single family home (currently occupied by maintenance supervisor and is part of his compensation package). The tenants pay for their own electric usage with the landlord responsible for water/sewer/trash. Occupancy remains consistently high leaving room for the new owner to push rents.

*Georgetown Chamber of Commerce.

Additional Details

Nearest MSA: Lexington-Fayette
County: Scott
Tax ID/APN: 190-30-124.000
Zoning: R-3, MULTI-FAMILY RESIDENTIAL
Percent Occupied: 100%
Year Built: 1975
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,387 28,948 35,541
Median Age: 27.67 32.44 33.8
Households: 1,348 10,755 13,163

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