Value-Add Multifamily Portfolio Near Downtown

Highlights:

• 3 contiguous properties totaling approximately 8,042 square feet.
• Nine total units including two duplexes and one five-plex.
• Zoned R-2 in the South Hill neighborhood.
• Walkable to Downtown, Brand New Gatton Park, and Manchester Street Development
• Strong Rental history with growth upside

Description:

SVN Stone Commercial Real Estate is pleased to present FOR SALE a rare opportunity to acquire three contiguous multifamily properties located at 832, 838, and 844 West High Street in Lexington, Kentucky.

This unique investment offering includes:
· A two-story duplex built in 1994
· A five-unit apartment building constructed in 1985
· A charming early 1900s duplex

Zoned R-2, the properties provide existing rental income with upside potential through cosmetic renovations and strategic rent increases.

Ideally located within walking distance of Downtown Lexington, Rupp Arena, the brand new Gatton Park Development, and Manchester Street, the site also offers convenient access to Newtown Pike and Broadway, making this a prime investment opportunity in one of Lexington’s most attractive corridors.

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.

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