Catylist ID:
#30827595
| Catylist Listing ID: | 30827595 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 169 Units |
| Building Size (RSF): | 160,000 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $12,500,000 |
| Unit Price: | $73,964.50 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/2/2023 |
Overview / Comments
| REDUCED!! EXCELLENT INVESTMENT OPPORTUNITY!! (169) Apartment units very conveniently located just off I 75, in the city of Richmond, the home of Eastern Kentucky University. There are (34) one bedroom units, (134) two bedroom units, and (1) four bedroom unit. All utilities are metered separately, and the tenants pay all of their own utilities, except for 1634 Foxhaven (12 one bedroom units) which has separate electric meters, but not water meters, and the landlord pays for their water and sewer. Many of the apartments have balconies over looking the golf course at the University Golf Club at Arlington. Several units are rented at below current market rates. This listing consist of 27 apartment buildings, all in very close proximity to each other. The actual addresses: 1633, 1634, 1635, 1637, 1639, 1641, 1642, 1643, 1644, 1645, 1646, 1647, 1649, 1651, 1656, 1660, 1662, 1664, 1665, 1667, 1669, & 1671 Foxhaven Drive, and 1657, 1661, & 1663 Foxhaven Court. Co-listing broker: Ben H. Campbell, Ben Campbell Realtor Inc., 361 Duke Rd. Lexington, KY. Co-listing Agent: Will Campbell 859-221-9206 |
Attachments & Media
Additional Details
| Nearest MSA: | Richmond-Berea |
| County: | Madison |
| Taxing Authority: | Madison County |
| Tax ID/APN: | 22 parcels see Agent Notes |
| Zoning: | B-3 |
| Percent Occupied: | 90% |
| Total Number of Buildings: | 27 |
| Property Condition: | Average |
| Number of Stories: | 2 |
| Year Built: | 1975 |
| Roof Type: | Gable |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Fuel: | Electric |
| Zoning Description: | B-3 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,269 | 33,488 | 40,950 |
| Median Age: | 31.08 | 31.97 | 32.66 |
| Households: | 1,916 | 13,082 | 16,066 |
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