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1740 Jennifer Drive, Lexington, KY 40505

Commercial property for sale

  • Description
  • Excellent Yield at a great cap rate! Offered well below the appraised value of $2,350,000! Pleasant Green Apartments is a renovated and well maintained apartment property in a high demand area of Lexington, KY. The property consists of 87 units with convenient unit mix that includes 32 1br/1ba and 55 2br/1ba units. The property is separately metered for electric, but Landlord currently charges utilities in the rent. The surrounding area contains a strong demand for rental housing, and the property is currently enjoying strong occupancy. There have been extensive renovations performed on the property. These include: replacement of many HVAC units, doors, flooring, grading/drainage correction, gutters and correction of countless deferred maintenance items. Circumstances have led this seller to price this property aggressively to sell at $17,126 per unit. Current gross income is $469,020 on an annualized basis. The owner is in the process of increasing rents to even higher levels. Call today for further details on this stabilized and well priced opportunity! Building price details: $1,370,000.
  • Property Details
  • Building Name: Pleasant Green Apartments
    Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 15,568 +/Unit
    Number of Stories: 2
    Year Built: 1964
    Year Renovated: 2008
    MSA: Lexington-Fayette
    Buildings: 11
    Construction: Brick, Concrete, Wood Frame
    Terms: Cash to Seller
    Added: 01/06/2012
    Last Update: 04/19/2012
  • Exterior Features
  • Parking Type: Surface
  • Contact info
  • 502-365-3840 [Office]
  • Note

  • Details Info about this row that located on 1740 Jennifer Drive, Lexington, KY 40505 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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