200 Hubbard Rd - Apartments FOR SALE


Winchester, KY 40391
$4,350,000 USD
502-345-3667
200 Hubbard Rd, Winchester, KY for Sale
$4,350,000 USD
Apartments - FOR SALE
1/32
null | 7.56% Cap Rate

200 Hubbard Rd
Winchester, KY 40391


OVERVIEW

Description 200 On The Hill is a 48 unit property including eight 3BR/2BA units, 16 2BR/1BA units, and 24 newly built studios. Almost all of the units are either newly built or newly turned within the past two years. The buildings with the larger units all include additional decks or patios plus extra storage. This investment has been professionally maintained, and is situated on a large lot with ample off street parking. Tenants are responsible for their own electricity (no gas), and pay additional pet fees (scaled depending on animal size) and month-to-month fees. Located in Winchester, KY, a rapidly growing suburb of Lexington, the property is minutes from downtown Winchester, amid single family homes, with easy access to I-64 and Lexington. High-quality asset 31,128 SF in six buildings Newer construction Versatile unit mix Desirable, suburban location 3.37 acre lot with ample parking Separately metered electric (no gas) Deal Room: https://connect.prgproperty.com/deal-room/236?signature=45843a4e7b19de1a5c49fbf34656f6e7dd2de5036ebea92c302c9596b4919e21 Broker Notes The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

48

PRICE/UNIT

$90,625

CAP RATE

7.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sanctuary Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

88

LAND DETAILS

LAND ACRES

3.37 AC

LAND SF

146,797 SF

ZONING

PD

APN/PARCEL ID

044-3009-02500

ASK ABOUT THIS PROPERTY

Katherine RenfroPRG Commercial Property AdvisorsMore Info
502-345-3667

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Katherine RenfroPRG Commercial Property AdvisorsMore Info
502-345-3667

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