859-655-5709
2223 Devonport Dr, Lexington, KY for Sale
Apartments - FOR SALE
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2223 Devonport Dr
Lexington, KY 40504
West Lexington


HIGHLIGHTS

  • Creekside North Apartments at 2223 Devonport Drive presents a 152-unit, garden-style complex consisting of 96 one-bedrooms and 56 two-bedrooms.
  • Easy access to New Circle Road, Lexington’s 19-mile inner Beltway, which easily connects to downtown, the Historic District, and other POIs.
  • Over 50% occupied with robust 3-mile renter-demand, this opportunity offers a stable and income-generating asset with rental rate increase potential.
  • Features include recent upgrades such as granite countertops, stainless steel appliances, hardwood flooring, and tub/shower bathrooms.
  • Approximately 3.5 miles from the University of Kentucky, enrolling about 38,700 students, and no on-campus living mandate, adding to renter demand.
  • Part of a group of 4 court-ordered multifamily foreclosure auctions coming to Ten-X, the links to the other 3 can be found in the links section below.

FOR SALE DETAILS

PRICE

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# OF UNITS

152

CAP RATE

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% LEASED

54%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Court-Ordered Foreclosure Auction | MFR Opp.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

250

LAND DETAILS

LAND ACRES

4.41 AC

LAND SF

192,100 SF

ZONING

R-4

APN/PARCEL ID

11441650

ASK ABOUT THIS PROPERTY

Zak SmithCBREMore Info
859-655-5709

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Zak SmithCBREMore Info
859-655-5709

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