SUMMARY
SALE PRICE $3,752,000
UNITS 21
ZONING R-1C
HIGHLIGHTS
• 100% occupied since 2001
• Local financing and property specialist lined up to work with purchaser
• All homes located in Lexington’s Fayette County, right in the heart of Bluegrass Sate. Lexington is home to the University of Kentucky, horse-racing, and is the “Bourbon Capital of the World”
• Properties achieving market rents and an increase of 3.3% per year. Rent growth is out-pacing UK’s student growth of 2.1% annually
• All homes PRE-LEASED each year months before current lease expires – never vacancy or credit loss
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SVN Stone Commercial Real Estate is pleased to offer a portfolio of 21 single family rentals located in thriving Lexington, Kentucky, near the University of Kentucky, close to student night-life, featuring walk-ability to Red Mile race track, and with quick access to downtown. The tenant base for these 100% occupied properties has historically been students at the University of Kentucky’s swelling University, currently with its largest freshman class since 2009. Investors take note, those upperclassmen will need somewhere to live as the University continues to grow.
To obtain additional information immediately, visit SVNLEX.com with the link below. You can access the electronic CA and Offering Memorandum (including financials) today. Any other inquiries can be directed to Nathan Dilly | nathan.dilly@svn.com | 859-420-5492 or Justin Ryder | justin.ryder@svn.com | 859-447-3285. Seller is an agent.
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