University of Kentucky Student Housing Portfolio

Lexington, KY

$3,752,000

Price

26,009 sqft

Building Size

100%

Occupancy

Overview
Building Size
26,009 sqft
Occupancy
100%
Units
21
Description

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 receive additional financial information, please complete the confidentiality agreement attached herein. Completed confidentiality agreements and 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.

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential. These homes are centrally located with quick access to downtown and the University of Kentucky.

Sitting next to a golf course , and close to variety of fast-casual restaurants (Cookout, Buffalo Wild Wings, and Raising Cane's), the properties are just 1.5 miles from campus staples like the Gatton College of Business and Economics and UK's Law School. When is comes to sports, property is under 2 miles from Rupp Arena. Besides entertainment students also have access to UK Hospital (1.9 miles) and UK Credit Union (.7 miles). Campus life surrounds Golfview.

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
Documents

Location
Gallery