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: $1,480,000
Unit Price: $82,222.22 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2023

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).

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.

Additional Details

Nearest MSA: Lexington-Fayette
County: Clark
Tax ID/APN: 054-3209-018-00
Zoning: B-2

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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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