51 Single Family Rental Portfolio

Multi-Family for Sale
Catylist Listing ID: 30598234
Number of Units: 51 Units
Building Size (RSF): 87,699 SF
Gross Building Area: See Agent
Gross Land Area: 7.46 Acres
Sale Price: $12,395,000
Unit Price: $243,039.22 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2021

Overview / Comments

Portfolio consisting of 51 professionally managed single family homes on contiguous lots in the Coventry neighborhood of Lexington, KY. All homes built between 2018 and 2020 by Briggs Homes. Currently 100% occupied with strong leasing activity during Covid-19 pandemic. Median sales price in the Coventry neighborhood has averaged 6.70% increase annually since 2016 with average 27 days on market.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: R-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,295 38,208 112,030
Median Age: 29.08 35.82 34.78
Households: 870 13,687 45,153


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