832-844 W High St - Apartments FOR SALE


Lexington, KY 40508- Western Suburbs
$1,250,000 USD
859-433-8911
832-844 W High St, Lexington, KY for Sale
$1,250,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

832-844 W High St
Lexington, KY 40508
Western Suburbs


HIGHLIGHTS

  • 3 contiguous properties totaling approximately 8,042 square feet.
  • Nine total units including two duplexes and one five-plex.
  • Zoned R-2 in the South Hill neighborhood.
  • Walkable to Downtown, Brand New Gatton Park, and Manchester Street Development
  • Strong Rental history with growth upside

OVERVIEW

SVN Stone Commercial Real Estate is pleased to present FOR SALE a rare opportunity to acquire three contiguous multifamily properties located at 832, 838, and 844 West High Street in Lexington, Kentucky. This unique investment offering includes: · A two-story duplex built in 1994 · A five-unit apartment building constructed in 1985 · A charming early 1900s duplex Zoned R-2, the properties provide existing rental income with upside potential through cosmetic renovations and strategic rent increases. Ideally located within walking distance of Downtown Lexington, Rupp Arena, the brand new Gatton Park Development, and Manchester Street, the site also offers convenient access to Newtown Pike and Broadway, making this a prime investment opportunity in one of Lexington’s most attractive corridors.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

9

PRICE/UNIT

$138,889

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Multifamily Portfolio Near Downtown

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-2

APN/PARCEL ID

10551400

ASK ABOUT THIS PROPERTY

John BunchSVN | Stone Commercial Real EstateMore Info
859-433-8911

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John BunchSVN | Stone Commercial Real EstateMore Info
859-433-8911

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