2101 Fontaine Rd | Lexington, KY 40502
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- LoopNet Team
2101 Fontaine Rd
Lexington, KY 40502
Chevy Chase 12 Unit Multifamily Opportunity · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Located in the heart of Lexington’s Ashland Park, just steps from Henry Clay High School and minutes to downtown and the University of Kentucky
- Current average rents of $773 trail market averages of $842
- The lower level includes tenant storage space that is currently included at no charge, offering future upside.
- The property includes 10 two-bedroom, one-bath units and 2 one-bedroom, one-bath units
- Owner has scheduled resealing and striping the driveway and parking lot.
- A 5-year hold forecast projects a 13.50% IRR and 1.84x equity multiple, with clear upside tied to unit turnover and improved operations.
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 8,378 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1967/2024 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Zoning | R-4 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 8,378 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2024 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 15020000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,175,000 |
PROPERTY TAXES
Parcel Number
15020000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,175,000
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