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145 Lois Ln
Morehead, KY 40351
Townhomes & Flats at MSU · Multifamily Property For Sale
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110 Units
Investment Highlights
- Stabilized Student Housing Asset: 110 units, comprised of 13 buildings with five distinct floor plans (townhomes and flats).
- Full Renovation Program Completed: Current ownership invested $2.55M+ in upgrades
- Market-Leading Rents: Achieves an average rent of $1,005 per unit
- Proximity to Campus: Just minutes from Morehead State University, offering proximity to class and a quiet residential setting.
- Management: Current management has offered to continue their expert management of the property, creating the potential of a hands-off investment
- Consistently 100% Occupied: Proven demand from MSU’s enrollment base supports strong leasing performance year after year.
Property Facts
| No. Units | 110 | Building Size | 129,109 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1996 |
| Building Class | C | Parking Ratio | 10.59/1,000 SF |
| Lot Size | 11.53 AC |
| No. Units | 110 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.53 AC |
| Building Size | 129,109 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1996 |
| Parking Ratio | 10.59/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Deck
- Porch
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Wheelchair Accessible
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 504 |
| 2+1 | 106 | - | 750 - 1,100 |
Property Taxes
| Parcel Number | 097-00-00-003.97 | Improvements Assessment | $361,200 |
| Land Assessment | $35,963 | Total Assessment | $397,163 |
Property Taxes
Parcel Number
097-00-00-003.97
Land Assessment
$35,963
Improvements Assessment
$361,200
Total Assessment
$397,163
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