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2275 Winchester Ave
Ashland, KY 41101
Multifamily Property For Sale · 16 Units

INVESTMENT HIGHLIGHTS

  • 2275 Winchester Avenue presents a 100% occupancy rate multifamily asset.
  • With all 16 units rented and the complex having a strong occupancy history, this is a stable and cash-flowing investment.
  • In a convenient location in Ashland's City Center District.
  • There is prominent building and pylon signage, as well as easy access, high-visibility, and parking on-site.

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.33 AC
Building Size 9,000 SF
Average Occupancy 100%
No. Stories 3
Year Built 1972
Parking Ratio 2.22/1,000 SF
Zoning Z02 - Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Property Manager on Site
  • Bicycle Storage
  • Maintenance on site
  • Public Transportation
  • Fiber Optic Internet

ABOUT 2275 WINCHESTER AVE , ASHLAND, KY 41101

Welcome to a fantastic investment opportunity that ticks all the right boxes. This fully rented apartment building is located in Ashland, KY, offering steady cash flow and long-term potential for growth. With every unit occupied, you'll benefit from immediate rental income from day one, giving you an exciting start to your investment journey. The property has had some thoughtful upgrades, but additional renovations and capital improvements will ensure increased future value. One of the standout features of this building is the off-street parking, a highly desirable perk for tenants. Whether they're commuting to work or running errands, this amenity adds extra appeal and convenience. Whether you're a seasoned investor or just starting to grow your portfolio, take advantage of this high-demand investment opportunity.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 16 - 300
2+1 1 - 800

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
038-09-07-019.00
Land Assessment
$71,000
Improvements Assessment
$204,000
Total Assessment
$275,000
  • Listing ID: 33709919

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 2275 Winchester Ave, Ashland, KY 41101

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