$875,000 USD
859-422-4400
108 Surfside Dr
Lexington, KY 40503
South Lexington
HIGHLIGHTS
- 12-unit multi-family building (1 BD/1 BA each);Currently condemned - priced for redevelopment or full renovation.
- Rare chance to acquire distressed multi-family asset in a high-demand submarket.
- Strong rental market with significant upside potential for experienced investor or developer.
- Located in established residential area with strong demand for rental housing.
- Easy access to downtown, New Circle Road and University of Kentucky campus.
- Nicholasville Road is one of Lexington’s most desirable and highly trafficked corridors with over 45,326 VPD
OVERVIEW
NAI Isaac is pleased to present a multi-family investment opportunity just off Nicholasville Road, Lexington’s most desirable and highly trafficked corridor. Close proximity to the +1.2 Million SF Fayette Mall, Plaza at Fayette Mall, Summit at Fritz Farm, University of Kentucky, Blue Grass Airport, downtown and Baptist Health.
FOR SALE DETAILS
PRICE
$875,000 USD
PRICE/SF
$107 USD /SF
# OF UNITS
12
PRICE/UNIT
$72,917
CAP RATE
Request Cap Rate
% LEASED
0%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
12 Unit Multi-Family Investment
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1967
PARKING SPACES
11
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,712 SF
ZONING
R-4
APN/PARCEL ID
16652410
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859-422-4400
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859-422-4400
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