521-527 E Main St | Lexington, KY 40508
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- LoopNet Team
521-527 E Main St
Lexington, KY 40508
Barclay East Apartments · Multifamily Property For Sale
·
30 Units
INVESTMENT HIGHLIGHTS
- 30-UNIT GARDEN STYLE HOUSING COMMUNITY - One apartment community constructed in 1965 consisting of 30-units with 60-bedrooms and 30-baths.
- DESIRABLE LOCATION - Located in a highly desirable neighborhood that has seen a 7.1 percent population growth since 2010.
- EXCEPTIONAL TENANT AMENITIES - Tenant amenities include off-street parking, an individual balcony for each unit, full kitchens and a laundry facility.
- MINUTES FROM THE UNIVERSITY OF KENTUCKY - The University of Kentucky continues to be one of Kentucky’s greatest economic engines.
- UPSIDE POTENTIAL - There is an opportunity to renovate/upgrade the existing units. Currently the rental rates are $50 to $150 below Market
PROPERTY FACTS
| No. Units | 30 | Building Size | 22,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.56/1,000 SF |
| Lot Size | 0.65 AC | Cross Streets | Kentucky Ave |
| Zoning | R-4 | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 22,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.56/1,000 SF |
| Cross Streets | Kentucky Ave |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Vinyl Flooring
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 30 | $700.00 | - |
PROPERTY TAXES
| Parcel Number | 15980800 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,600,000 |
PROPERTY TAXES
Parcel Number
15980800
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,600,000
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