18 Renovated Units in Downtown Winchester
Multi-Family
for Sale
| Catylist Listing ID: |
30831226 |
| Property Subtypes: |
Mid-Rise
|
| Number of Units: |
18 Units |
| Building Size (RSF): |
13,450 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,350,000 |
| Unit Price: |
$75,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/29/2023 |
Overview / Comments
This multifamily property is located at the center of Downtown Winchester, on the corner of Broadway and North Main St. Clark County, just east of Lexington, has been experiencing strong growth, with a resurgence of investment and interest in Downtown Winchester.
The property includes 18 fully occupied, spacious apartment units, all of which have been completely renovated with quality finishes. The apartments are located above first floor retail space (not included).
**BRAND NEW ROOF**
This property is part of a LIHTC program. 40% of the units are to be rented to 60% AMI tenants. It is out if the initial compliance period, rent restrictions end in 2036.
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Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Clark |
| Tax ID/APN: |
054-3209-018-00 |
| Zoning: |
B-2 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,516 |
21,418 |
27,914 |
| Median Age: |
38.94 |
39.18 |
39.1 |
| Households: |
1,906 |
8,706 |
11,257 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
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