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Central Kentucky Multifamily Portfolio 3 Multifamily Properties Offered at $5,000,000 in Multiple Locations
Investment Highlights
- Value-Add Opportunity with rental increase opportunities
- Turnkey investment properties
- Professional management currently in place
- 98.33% occupied income producing properties
- Mix of Studio, One, and Two-Bedroom Units
Executive Summary
This 60-unit multifamily portfolio is strategically located in the heart of Central Kentucky, offering excellent access to major employment centers, universities, healthcare centers, and retail corridors. The Central Kentucky area benefits from strong renter demand, low vacancy rates, and a stable market. This is a rare opportunity to acquire a large and stabilized multifamily portfolio in one of Kentucky’s most reliable rental markets.
Addresses:
115 Delmont Drive, Lexington, KY 40504
1416 Townley Drive, Lexington, KY 40511
200 N. Hill-N-Dale Street, Danville, KY 40422
Total Portfolio Square Feet: 41,100 SF
Total Portfolio No. Units: 60 Units
Sale Price: $5,000,000
Sale Price/Unit: $83,333.33/unit
Average Rent: $833.00/unit
Cap Rate: 6%
Occupancy: 98.33% occupied
Class: B
Stories: Two-Story Properties
Zoning: R-1C/Residentia
Addresses:
115 Delmont Drive, Lexington, KY 40504
1416 Townley Drive, Lexington, KY 40511
200 N. Hill-N-Dale Street, Danville, KY 40422
Total Portfolio Square Feet: 41,100 SF
Total Portfolio No. Units: 60 Units
Sale Price: $5,000,000
Sale Price/Unit: $83,333.33/unit
Average Rent: $833.00/unit
Cap Rate: 6%
Occupancy: 98.33% occupied
Class: B
Stories: Two-Story Properties
Zoning: R-1C/Residentia
Property Facts
| Price | $5,000,000 | Number of Properties | 3 |
| Price / SF | $96.04 / SF | Individually For Sale | 3 |
| Cap Rate | 6% | Total Building Size | 52,060 SF |
| Sale Type | Investment | Total Land Area | 7.29 AC |
| Status | Active |
| Price | $5,000,000 |
| Price / SF | $96.04 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 52,060 SF |
| Total Land Area | 7.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 200 N Hill N Dale St, Danville, KY 40422 | Multifamily | 32,460 SF | 1975 | $3,250,000 |
| 1416 Townley Dr, Lexington, KY 40511 | Multifamily | 16,000 SF | 1959 | $1,250,000 |
| 115 Delmont Dr, Lexington, KY 40504 | Multifamily | 3,600 SF | 1950 | $500,000 |
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Central Kentucky Multifamily Portfolio
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