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12 Unit Multi-Family Investment 108 Surfside Dr 12 Unit Apartment Building $875,000 ($72,917/Unit) Lexington, KY 40503
Investment Highlights
- 12-unit multi-family building (1 BD/1 BA each);Currently condemned - priced for redevelopment or full renovation.
- Strong rental market with significant upside potential for experienced investor or developer.
- Easy access to downtown, New Circle Road and University of Kentucky campus.
- Rare chance to acquire distressed multi-family asset in a high-demand submarket.
- Located in established residential area with strong demand for rental housing.
- Nicholasville Road is one of Lexington’s most desirable and highly trafficked corridors with over 45,326 VPD
Executive Summary
NAI Isaac is pleased to present a multi-family investment opportunity just off Nicholasville Road, Lexington’s most desirable and highly trafficked corridor. Close proximity to the +1.2 Million SF Fayette Mall, Plaza at Fayette Mall, Summit at Fritz Farm, University of Kentucky, Blue Grass Airport, downtown and Baptist Health.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 16652410 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $332,300 |
Property Taxes
Parcel Number
16652410
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$332,300
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12 Unit Multi-Family Investment | 108 Surfside Dr
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