2111 Lansill Rd | Lexington, KY 40504
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- LoopNet Team
2111 Lansill Rd
Lexington, KY 40504
The Alexandra - 204 Units in Lexington, KY · Multifamily Property For Sale · 204 Units
Investment Highlights
- Stabilized and Value-Add Opportunity with Rental Increase Opportunities Remaining, Improved Interiors Renovation Opportunity on appx 51% of units
- Mix of One, Two, and Three-Bedroom Units, With Seven Different Floor Plans Offered
- Amenities- Dog Park, 2 Swimming Pools, Laundry Room, and Gazebo with Grilling Stations
- Additional Land and allowable added zoning density for the Development Additional Units and/or Space for Amenities
- Historical Average Cost to Renovate Units $12,000/Unit
PROPERTY FACTS
| No. Units | 204 | Building Size | 407,133 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1965/2022 |
| Building Class | B | Parking Ratio | 0.77/1,000 SF |
| Lot Size | 13.87 AC |
| No. Units | 204 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 13.87 AC |
| Building Size | 407,133 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2022 |
| Parking Ratio | 0.77/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Cabana
- Pet Play Area
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 76 | - | 594 - 600 |
| 2+1 | 79 | - | 840 - 1,260 |
| 2+2 | 32 | - | 1,066 |
| 3+2 | 16 | - | 1,296 |
| 4+1 | 1 | - | 1,210 |
PROPERTY TAXES
| Parcel Number | 15641400 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $14,000,000 |
PROPERTY TAXES
Parcel Number
15641400
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$14,000,000
zoning
| Zoning Code | R-3 (Planned Neighborhood Residential) |
| R-3 (Planned Neighborhood Residential) |
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