Eagle Creek Townhomes offers the opportunity to acquire a 50-unit, 1997-built
community located in the highly sought-after market of Lexington, KY. The property is
currently 98% occupied and has demonstrated extremely strong growth with an
average 13% increase on 2025 new lease trade-outs. The property is situated less
than half a mile from Richmond Rd & Man-o’ War Blvd which are major
thoroughfares providing connectivity to some of Lexington’s largest employers and
economic drivers including The University of Kentucky, CHI Saint Joseph, Baptist
Health, Conduent and more providing more than 40,000+ jobs in immediate area.
Eagle Creek townhomes comprises a favorable unit mix of Large 1 Bedroom and 2-
& 3- Bed Townhomes averaging 1,010 square feet including a Washer/Dryer &
Private Balcony/Patios in every unit. Current ownership has recently invested over
$500,000 in capital improvements and the property is well-positioned for new
ownership to focus on immediate revenue growth by streamlining operations and
capturing the organic, proven rent growth.
Offered free and clear or with an assumable 3.83% Freddie Mac loan through April
2031, Eagle Creek Townhomes benefits from the supply-constrained submarket as
there are no new units under construction in South Fayette County. The submarket is
achieving 97.4% occupancy, 5.9% year-over-year rent growth and is an A-rated
school district—positioning the asset for durable long-term performance.