Sanctuary Apartments | 200 Hubbard Rd
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Sanctuary Apartments 200 Hubbard Rd
48 Unit Apartment Building $4,350,000 ($90,625/Unit) Winchester, KY 40391
Investment Highlights
- Turnkey 48 unit multi-family investment.
Executive Summary
200 On The Hill is a 48 unit property including eight 3BR/2BA units, 16 2BR/1BA units, and 24 newly built studios. Almost all of the units are either newly built or newly turned within the past two years. The buildings with the larger units all include additional decks or patios plus extra storage.
This investment has been professionally maintained, and is situated on a large lot with ample off street parking. Tenants are responsible for their own electricity (no gas), and pay additional pet fees (scaled depending on animal size) and month-to-month fees.
Located in Winchester, KY, a rapidly growing suburb of Lexington, the property is minutes from downtown Winchester, amid single family homes, with easy access to I-64 and Lexington.
High-quality asset
31,128 SF in six buildings
Newer construction
Versatile unit mix
Desirable, suburban location
3.37 acre lot with ample parking
Separately metered electric (no gas)
Deal Room: https://connect.prgproperty.com/deal-room/236?signature=45843a4e7b19de1a5c49fbf34656f6e7dd2de5036ebea92c302c9596b4919e21
This investment has been professionally maintained, and is situated on a large lot with ample off street parking. Tenants are responsible for their own electricity (no gas), and pay additional pet fees (scaled depending on animal size) and month-to-month fees.
Located in Winchester, KY, a rapidly growing suburb of Lexington, the property is minutes from downtown Winchester, amid single family homes, with easy access to I-64 and Lexington.
High-quality asset
31,128 SF in six buildings
Newer construction
Versatile unit mix
Desirable, suburban location
3.37 acre lot with ample parking
Separately metered electric (no gas)
Deal Room: https://connect.prgproperty.com/deal-room/236?signature=45843a4e7b19de1a5c49fbf34656f6e7dd2de5036ebea92c302c9596b4919e21
Property Facts In Escrow
| Price | $4,350,000 | Building Class | B |
| Price Per Unit | $90,625 | Lot Size | 3.37 AC |
| Sale Type | Investment | Building Size | 31,128 SF |
| No. Units | 48 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1996 |
| Apartment Style | Low Rise | Parking Ratio | 2.83/1,000 SF |
| Price | $4,350,000 |
| Price Per Unit | $90,625 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 3.37 AC |
| Building Size | 31,128 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1996 |
| Parking Ratio | 2.83/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Deck
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | 800 |
| 3+2 | 8 | - | 940 |
| Studios | 24 | - | - |
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PROPERTY TAXES
| Parcel Number | 044-3009-02500 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,400,000 |
PROPERTY TAXES
Parcel Number
044-3009-02500
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,400,000
zoning
| Zoning Code | PD (Planned Unit Development) |
| PD (Planned Unit Development) |
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Sanctuary Apartments | 200 Hubbard Rd
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