1100 Horsemans Lane
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||$134,666.67 Per Unit
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Overview / Comments
RARE student housing opportunity at the University of Kentucky. The offering includes 12 town homes that are each 3 bed/3 bath and have maintained 100% occupancy. This asset is competitively priced at $1,616,000 with an in place NOI of $117,219.00.
||Rare University of Kentucky Student Housing
12 Units: 36 beds/36 baths
7.25% Cap Rate
Maintains 100% Occupancy
Value-Add Opportunity Through Increasing Rents
100% Pre-Leased for 2018-2019 School Year
||1100 Horsemans Lane is located within close proximity to the University of Kentucky in Lexington, KY. The property has served as student housing because of its ease of access to and from campus. Neighboring apartment communities are almost exclusively student housing, which is the highest and best use for the area. As the University of Kentucky continues to expand, multifamily assets have maintained stable occupancy and have supported rent increases.
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