111 Cochran Rd | Lexington, KY 40502
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- LoopNet Team
111 Cochran Rd
Lexington, KY 40502
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Prime Location: Situated in the heart of Lexington’s desirable Chevy Chase neighborhood on one of its most coveted streets.
- Walkable Amenities: Just steps from retail, boutiques, and top-rated local restaurants.
- Value-Add Potential: Priced at $137,000 per unit—well below the Chevy Chase median of $190,000 per unit (since 2023).
- Unit Mix: Five charming units—four 1 bed / 1 bath and one 2 bed / 1 bath—all featuring hardwood floors and classic architectural character.
- Proximity to Major Employers: Minutes from the University of Kentucky and CHI Saint Joseph Health (Central Baptist), ensuring strong rental demand.
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 4,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | ||
| Zoning | R-3 - Residential medium density | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | R-3 - Residential medium density |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 15603200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $688,500 |
PROPERTY TAXES
Parcel Number
15603200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$688,500
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