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1218 Winburn Dr
Lexington, KY 40511
Derby Pointe Apartments · Multifamily Property For Sale
·
73 Units
PROPERTY FACTS
| No. Units | 73 | Building Size | 64,875 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1969/2017 |
| Building Class | C | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 2.50 AC | ||
| Zoning | R-4 - High Density Apartment | ||
| No. Units | 73 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.50 AC |
| Building Size | 64,875 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1969/2017 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | R-4 - High Density Apartment |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Oven
- Carpet
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
ABOUT 1218 WINBURN DR , LEXINGTON, KY 40511
Built in 1969, Derby Pointe Apartments is located in the city of Lexington, Fayette County, Kentucky. The Property is located within minutes of the commercial corridor along New Circle Road between N. Broadway and Eastland Drive. The property contains 4, two-story, garden style buildings totaling ±64,875 SF. Derby Pointe Apartments are situated on one parcel totaling ±2.498 AC and offers 100 total parking spaces for residents and guests. Derby Pointe Apartments is currently ±95% occupied with a unit mix consisting of twenty four (24) 1 bed/1bath units, twelve (12) 1 bed/1 bath with den, thirty six (36) 2 bed/1 bath units, and one (1) large 2 bed/1 bath unit. Amenities include private patio/balconies, fully equipped kitchens, cable ready, excellent connectivity, and access to public transportation. The Property offers a laundry room with 10 washers/dryers. A new owner can further increase NOI and create value including: Implementation of RUBS (Ratio Utility Billing Systems) to recover appropriate utility costs.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 36 | - | - |
| 2+1 | 37 | - | - |
PROPERTY TAXES
| Parcel Number | 16786851 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,054,700 |
PROPERTY TAXES
