502-386-6959
1749 Liberty Rd, Lexington, KY for Sale
Apartments - FOR SALE
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1749 Liberty Rd
Lexington, KY 40505
East Lexington


HIGHLIGHTS

  • WELL-LOCATED ASSET WITH RECENT CAPEX OFFERING
  • EXTREMELY ATTRACTIVE BASIS WITH IMMENSE OPERATIONAL UPSIDE
  • SUPERIOR SUBMARKET FUNDAMENTALS IN LEXINGTON

OVERVIEW

Revive 1749, a 104-unit garden-style community located in Lexington, Kentucky, offers investors an opportunity to acquire a stabilized, well-positioned asset with both immediate and long-term upside potential. Situated in one of Lexington’s most desirable neighborhoods, the property combines strong in-place performance with compelling market fundamentals and significant recent capital investment. Revive 1749 has been substantially renovated in the last 3 years, and stands as a durable asset with updated systems, attractive curb appeal, and a favorable unit mix aligned with local renter demand. Revive 1749 benefits from superior market dynamics, including a 97.4% submarket occupancy rate, 5.7% year-over-year rent growth and immediate proximity to high-traffic, premier retail and lifestyle destinations. Ownership has recently invested $1.4 million on capital improvements and the asset is positioned for substantial revenue growth by continuing the proven value-add program, implementing market utility reimbursements, capitalizing on other ancillary income opportunities and bringing rents in-line with market rents.

FOR SALE DETAILS

PRICE

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# OF UNITS

105

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Revive at 1749

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

125

LAND DETAILS

LAND ACRES

5.85 AC

LAND SF

254,826 SF

ZONING

R-3

APN/PARCEL ID

13869900

ASK ABOUT THIS PROPERTY

Bobby SchiavoneNorthmarqMore Info
502-386-6959

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Bobby SchiavoneNorthmarqMore Info
502-386-6959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.