251 Lexington Ave | Lexington, KY 40508
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- LoopNet Team
251 Lexington Ave
Lexington, KY 40508
5-Unit Student Housing Investment Opportunity · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- 0.3 miles for the University of Kentucky Student Center
- 80% Occupied
- Nearby development “The Hub” studios rent for $1,000+ with NO Parking
- 72% of UK students live off-campus
- 5 Units - (4) 2 bed, 1 bath, (1) 1 bed, 1 bath
- Current owner does NOT charge for parking or pass thru expenses
PROPERTY FACTS
| No. Units | 5 | Building Size | 5,044 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1971 |
| Building Class | C | Parking Ratio | 0.99/1,000 SF |
| Lot Size | 0.18 AC | Cross Streets | E High St |
| Zoning | R-4 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,044 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 0.99/1,000 SF |
| Cross Streets | E High St |
| Zoning | R-4 |
PROPERTY TAXES
| Parcel Number | 15426100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $675,000 |
PROPERTY TAXES
Parcel Number
15426100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$675,000
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