400 Dabney Dr | Lexington, KY 40509
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- LoopNet Team
400 Dabney Dr
Lexington, KY 40509
Summerlin Ridge Apartments · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Strong Cash Flow: Year 1 NOI - $117,402 at 6.02% Cap
- New roofs in 2021, 1/2 of the hvac systems have been replaced in the last 4 years
- Built in 1999, gas heat with ample green space (1.68 acres)
- $.95/sf with neighboring properties achieving $1.46/sf
- 2 Buildings (8,480 SF each)Modern and spacious 2 bedroom/2 bathroom units
- Utilities are separately metered, washer and dryer hookups in each unit
Property Facts
| No. Units | 16 | Building Size | 16,960 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1999/2021 |
| Lot Size | 1.68 AC | Parking Ratio | 1.53/1,000 SF |
| Zoning | R-4 - Residential, medium density permitted | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 16,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2021 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | R-4 - Residential, medium density permitted |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,620,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,620,000
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