This Multifamily Property is no longer advertised on LoopNet.com.

1218 Winburn Dr
Lexington, KY 40511
 Derby Pointe · Multifamily Property For Sale · 73 Units

Apartment Buildings Kentucky Lexington 1218 Winburn Dr, Lexington, KY 40511

INVESTMENT HIGHLIGHTS

  • Located next to I-64, tenants of Derby Pointe have access to a wide range of universities, employers, industries, hospitals, and retail hubs.
  • Lexington appears in several national publications for its job market, cost of living, and family-friendly nature, and ranks top 15 for its workforce.
  • Led by the University of Kentucky, the Lexington region is home to 10 colleges and universities with a total enrollment of roughly 70,000 students.
  • Excellent opportunity to acquire a multi-family asset with high occupancy and potential value-add opportunities.
  • Current ownership has spent over $1,000,000, more than $15,000 per unit, in property renovations.
  • Several companies in the Lexington area are making significant investments in a wide variety of different industries.

PROPERTY FACTS

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 100%
No. Stories 3
Year Built/Renovated 1969/2017
Parking Ratio 1.52/1,000 SF

UNIT AMENITIES

  • Balcony
  • Dishwasher
  • Microwave
  • Kitchen
  • Refrigerator
  • Oven
  • Carpet

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 36 $687.50 -
2+1 37 $775.00 -

LINKS

PROPERTY TAXES

Parcel Number 16786851 Improvements Assessment $0
Land Assessment $0 Total Assessment $2,350,000

ZONING

Zoning Code R-4 (High Density Apartment)
Print
 

  • Listing ID: 19355510

  • Date on Market: 4/27/2020

  • Last Updated:

  • Address: 1218 Winburn Dr, Lexington, KY 40511

More public record information on 1218 Winburn Dr, Lexington, KY 40511

The Multifamily Property at 1218 Winburn Dr, Lexington, KY 40511 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.