5-Unit Mid-Term Rental Opportunity - Downtown Lexington

Highlights:

• Proven occupancy performance and reliable tenant demand
• 5 Units (1 bed 1 bath). Upstairs units have extra loft/storage space
• Average Monthly Income (2024): $8,850
• 2024 NOI: $78,244
• Fully furnished in a desirable downtown location
• New construction (2016)
• Modern design with custom finishes—no cookie-cutter units
• Currently marketed on Airbnb, Furnished Finder, and other travel nurse platforms
• 4 of the units have consistently been mid-term rentals, and one has been an Airbnb
• Close to major hospitals and healthcare employers
• Turnkey setup with furnishings, Wi-Fi, and utilities already in place
• Each unit is fit up with a full kitchen and washer and dryer

Description:

SVN Stone Commercial Real Estate is pleased to present this newly constructed property (built in 2016), located in a high-demand area just minutes from downtown restaurants, shopping, the farmer’s market, and Rupp Arena. Featuring a modern design with custom finishes—no cookie-cutter units here—this property currently operates as a short- to mid-term rental catering primarily to travel nurses.

The five units generate an average of $8,850 per month, with gross income of $106,200 per year, and consistently low vacancy—making it an ideal investment opportunity for buyers seeking reliable income and minimal risk. This is your chance to break into the mid-term / Airbnb market!

For more information and property financials, or to schedule a tour, contact Justin Ryder, CCIM, at 859.447.3285 or Justin.ryder@svn.com, or Rachel Ridd at 859.327.7261 or Rachel.ridd@svn.com.

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.

Documents: