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9-Unit Multifamily Portfolio - Alexandria Dr 1648 Alexandria Dr 9 Unit Apartment Building $1,125,000 ($125,000/Unit) Lexington, KY 40504
INVESTMENT HIGHLIGHTS
- 100% Occupancy
- 7-Unit renovated in 2023-2024
- 7-Unit Multifamily + Duplex SFH Portfolio
EXECUTIVE SUMMARY
Up for sale is a fully occupied 9 unit Multifamily portfolio. 7 units are in the Multifamily zoned 1648 Alexandria Dr with 2-stories and a basement. One unit is in the basement, 3 on ground floor and 3 on 2nd story. 1648 Alexandria was renovated between 2023 and 2024. 1241 & 1243 Alexandria Dr is a Single Family zoned duplex. Details coming soon on Capital Improvements and Net Operating Income.
PROPERTY FACTS
| Price | $1,125,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 21,376 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1960/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 0.37/1,000 SF |
| Zoning | R-3 - 1648 Alexandria is zoned Multifamily and 1243 Alexandria is zoned Single Family | ||
| Price | $1,125,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 21,376 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 0.37/1,000 SF |
| Zoning | R-3 - 1648 Alexandria is zoned Multifamily and 1243 Alexandria is zoned Single Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $887.50 | - |
1 1
PROPERTY TAXES
| Parcel Number | 10979900 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $424,900 |
PROPERTY TAXES
Parcel Number
10979900
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$424,900
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9-Unit Multifamily Portfolio - Alexandria Dr | 1648 Alexandria Dr
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