241 Kentucky Ave - Residential Income FOR SALE
Lexington, KY 40502 |
241 Kentucky Ave
Lexington, KY 40502
HIGHLIGHTS
- Sale Price: $405,000
- 2,988 SF Zoned R-2
- Convenient location near campus with onsite parking
- Rents include $1,500/month from Unit A (3 bedrooms in front), and $1,600/month (4 bedrooms in back) – 100% Pre-leased for 2020-21 School Year
- UK’s swelling population needs a place to live! Recent Courier Journal Article: “University of Kentucky’s Dorms Are Overbooked, With More Students Tha
- This listing can be purchased separately or as part of a portfolio of student housing: Please inquire about 275 - 277 Lexington Avenue and/or 418 KY
OVERVIEW
UK Student Housing Investment Opportunity. SVN Stone Commercial Real Estate is pleased to offer 241 Kentucky A&B located in thriving Lexington, Kentucky, near the University of Kentucky, close to student night-life, featuring walk-ability to campus, WT Young Library, and downtown. Current income consists of $1,500/month from Unit A (3 bedrooms in front), and $1,600/month from Unit B (4 bedrooms in back). Property is 100% leased now AND for 2020-21 school year! (Current owner is an agent)
To receive additional information, please contact Justin Ryder justin.ryder@svn.com | 859-447-3285.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
University of Kentucky 2 Unit House
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Residential Income
TOTAL BUILDING SIZE
2988
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1904
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.19 AC AC
LAND SF
8,175 SF
ZONING
-
APN/PARCEL ID
10569300
