2066-2090 Fairmont Ct | Lexington, KY 40502
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2066-2090 Fairmont Ct
Lexington, KY 40502
The Landing at Lex · Multifamily Property For Sale
·
48 Units
PROPERTY FACTS
| No. Units | 48 | Building Size | 51,354 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 0.74/1,000 SF |
| Lot Size | 1.76 AC | Cross Streets | Lakeshore Dr |
| Zoning | R-4 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.76 AC |
| Building Size | 51,354 SF |
| Average Occupancy | 79% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.74/1,000 SF |
| Cross Streets | Lakeshore Dr |
| Zoning | R-4 |
ABOUT 2066-2090 FAIRMONT CT , LEXINGTON, KY 40502
48 Value-add units located in a desirable area of Lexington. The Overlook at Henry Clay is comprised of 18 one bedroom one bathroom units, 12 two bedroom one bathroom units, and 18 two bedroom one and a half bathroom units. The current rents are approximately 5% below market, with more upside as renovations are completed. Current residents are responsible for their own electric, while the owners pay water/sewer/gas/trash. ***The financials are based on a proforma with stabilization in year 3***
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 675 - 750 |
| 2+1 | 12 | - | 850 |
| 2+2 | 18 | - | 850 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $3,744,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,744,400
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