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145 Virginia Ave
Lexington, KY 40508
100% Leased University of Kentucky Investment · Multifamily Property For Sale · 6 Units

Investment Highlights

  • University of Kentucky Investment Property presented at $665,000.
  • According to UK, enrollment in 2021 is an all time high of 31,800 (up 2.1% YoY)!
  • Current owner has never had a vacancy. Nearby development “The Hub” rents for $1,000+ with NO Parking. Current owner does NOT charge for parking.
  • A slam dunk property 1.2 miles from Rupp Arena and less than 1 mile from Kroger field — home of the Kentucky Wildcats!
  • In the heart of UK, Bluegrass Commons is THE top choice for students of Pharmacy, Law, Medicine, Dentistry, Health Services, and more!
  • Current owner NOI - $31,101.69

Property Facts

No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Garden
Building Class C
Building Size 17,050 SF
Average Occupancy 100%
No. Stories 2
Year Built 1967
Parking Ratio 8.21/1,000 SF
Zoning R-4

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 38224850
  • 38224700
  • 38224900
  • 38224730
  • 38224920
  • 38224710
  • 38224790
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$926,900
  • Listing ID: 24490313

  • Date on Market: 11/15/2021

  • Last Updated:

  • Address: 145 Virginia Ave, Lexington, KY 40508

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