Stadium View Apartments

Multi-Family for Sale
Catylist Listing ID: 30286087
Property Subtypes: Low-Rise/Garden, Student Housing
Number of Units: 11 Units
Building Size (RSF): 11,508 SF
Gross Building Area: See Agent
Gross Land Area: 0.97 Acres
Sale Price: $850,000
Unit Price: $77,272.73 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/6/2018

Overview / Comments

SVN Stone Commercial Real Estate is pleased to present an incredible multi-family/student housing investment opportunity.
The offering includes two buildings on two adjacent properties on approx .97 acres and features 11 total units. (16 beds) Between the two buildings there are (5) 2 bed x 1 bath units and (6) 1 bed x 1 bath units. The property maintains a healthy level of occupancy and has seen dramatic increases in rent throughout the last few years with room to move upward. This asset is competitively priced at $850,000. For more information regarding this investment opportunity please contact John Bunch at john.bunch@svn.com or Nathan Dilly at nathan.dilly@svn.com

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: R-1C
Site Description: Multi-Family Investment Opportunity 11 Units: (16 Beds/11 Baths) $850,000 Maintains High Occupancy Value Add Opportunity through increasing Rents
Area Description: Location, Location, Location! It is no mystery as to why any student or healthcare provider would be vying to make this property their next residence. The property sits less than one mile from Central Baptist and The University of Kentucky Hospital; the two largest hospitals in Lexington. The highly trafficked Nicholasville and Alumni Road intersection provides ample visibility for releasing opportunities not to mention the newly renovated Kroger Stadium can be seen from the sprawling front lawn. This is an incredibly located opportunity for a new investor to be proud of.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 3
Year Built: 1932

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,656 139,825 263,154
Median Age: 26.43 35.09 35.37
Households: 4,447 60,967 111,517
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