Historical Multifamily Sale Listing - Cambridge Apartments

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Cambridge Apartments

1980 Cambridge Drive, Lexington, KY 40504

N/A

70 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
70
Building Size:
56,550 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9.11%
Gross Rent Multiplier:
4.63
Occupancy:
93%
No. Stories:
2
Year Built:
1969
Lot Size:
2.83 AC
Listing ID
16063815
Last Updated
over 1 year ago

Description

Cambridge Apartments consists of six building's, with a unit-mix including sixteen one-bedroom, one-bathroom garden-style units. Twenty-four deluxe one-bedroom, one-bathroom garden-style units, twenty-four two-bedroom, one-bathroom garden-style units and six two bedroom, one-bathroom town home units.
The property was constructed in 1969 and includesseparatee water, gas, and electric meters for all units.
The individual building addresses are as follows: 1980, 1988, 1990, 200, 2008 and 2016 Cambridge Drive.
Major capital expenditure's made by the owner within the last three years are balcony decking replaced, completely rehabed laundry facility including new machines, completely rehabed leasing office.

Cambridge Apartments is a 70 unit apartment complex on Lexington's westside, conveniently located north of Versailles Road just over a mile from downtown Lexington.

Map of 1980 Cambridge Drive, Lexington, KY 40504 (Fayette County)

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