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2275 Winchester Ave

16 Unit Apartment Building $309,900 ($19,369/Unit) Ashland, KY 41101

Apartment Buildings Kentucky Ashland 2275 Winchester Ave, Ashland, KY 41101

Investment Highlights

  • 100% Occupancy Rate
  • Convenient Location

Executive Summary

Unlock the full potential of this fully occupied, 16-unit efficiency apartment building located in the heart of Ashland, KY. This property generates consistent income with an impressive 100% occupancy rate. This is an excellent opportunity to enhance revenue and property value through renovations and capital improvements.

Property Facts

Price $309,900 Building Class C
Price Per Unit $19,369 Lot Size 0.33 AC
Sale Type Investment Building Size 9,000 SF
Sale Conditions
Business Value Included
  • Deferred Maintenance
 Average Occupancy 100%
No. Units 16 No. Stories 3
Property Type Multifamily Year Built 1972
Property Subtype
Apartment
  • Multifamily Dormitory
 Parking Ratio 2.22/1,000 SF
Apartment Style Low Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $309,900
Price Per Unit $19,369
Sale Type Investment
Sale Conditions
Business Value Included
  • Deferred Maintenance
No. Units 16
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.33 AC
Building Size 9,000 SF
Average Occupancy 100%
No. Stories 3
Year Built 1972
Parking Ratio 2.22/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Property Manager on Site
  • Bicycle Storage
  • Maintenance on site
  • Public Transportation
  • Fiber Optic Internet

About 2275 Winchester Ave , Ashland, KY 41101

Welcome to a fantastic investment opportunity that ticks all the right boxes! This fully rented apartment building is located in Ashland, KY, offering steady cash flow and long-term potential for growth. With every unit occupied, you'll benefit from immediate rental income from day one, giving you an exciting start to your investment journey. The property has had some thoughtful upgrades, but additional renovations and capital improvements will ensure increased future value. One of the standout features of this building is the off-street parking, a highly desirable perk for tenants. Whether they're commuting to work or running errands, this amenity adds extra appeal and convenience. Whether you're a seasoned investor or just starting to grow your portfolio, take advantage of this high-demand investment opportunity!

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 16 - 300
2+1 1 - 800

Links

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PROPERTY TAXES

Parcel Number 038-09-07-019.00 Improvements Assessment $204,000
Land Assessment $71,000 Total Assessment $275,000

PROPERTY TAXES

Parcel Number
038-09-07-019.00
Land Assessment
$71,000
Improvements Assessment
$204,000
Total Assessment
$275,000

zoning

Zoning Code Z02 (Commercial)
Z02 (Commercial)
(606) 923-3789

Contacts

  • Listing ID: 33709919

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 2275 Winchester Ave, Ashland, KY 41101

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2275 Winchester Ave
(606) 923-3789 x

2275 Winchester Ave

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Tonja McCloud

(606) 923-3789

(606) 923-3789

Teresa Wright Powers

(606) 325-0407

(606) 325-0407

Sydney Powers

(606) 922-8129

(606) 922-8129

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