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Covington Place 2400 Woodhill Dr Immeuble residentiel 32 lots 3 710 341 € (115 948 €/Lot) Taux de capitalisation 6,96 % Lexington, KY 40509
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Cash Flow Day 1: With a trailing NOI of $299,474 Covington Place is projecting over 7.5% cash on cash return day one (see package for assumptions).
- Hard to Find Asset: In the past 2 years, there has been only one property sold of similar size and price in Lexington.
Résumé analytique
The Opportunity
VWREA is pleased to offer Covington Place Apartments, an offering of 32 units in Lexington, KY. The unit mix consists of (1) 2-bedroom and (31) 3-bedroom apartment units.
Deal Highlights
Rent Upside: Covington Place rents are $274/mo below the market average rents in the area. There is an opportunity to burn off loss to lease and bring rents to market levels of $1,300/mo which is still $164/mo below the market average.
Turn Key Opportunity: Units have been upgraded with new flooring, paint, appliances, washer/dryers, light fixtures, kitchen cabinets, countertops, and bathrooms providing a turn key opportunity for an incoming investor.
The Market
Covington Place Apartments is near shopping, dining, and entertainment options and just under 3 miles from University of Kentucky. Additionally, tenants benefit from easy access to i75 just 3 miles from the apartment complex.
Lexington Developments
The recently built Lexington Sporting Club is within 9 miles of Covington Place
200-acre Legacy Business Park a milestone for Lexington economic development, this new development broke ground in 2025, and once complete the project is expected to bring almost 1,700 jobs to the community with a combined annual payroll estimated at nearly $100 million.
Wawa’s set to open next year within 4 miles of Covington Place Apartments.
VWREA is pleased to offer Covington Place Apartments, an offering of 32 units in Lexington, KY. The unit mix consists of (1) 2-bedroom and (31) 3-bedroom apartment units.
Deal Highlights
Rent Upside: Covington Place rents are $274/mo below the market average rents in the area. There is an opportunity to burn off loss to lease and bring rents to market levels of $1,300/mo which is still $164/mo below the market average.
Turn Key Opportunity: Units have been upgraded with new flooring, paint, appliances, washer/dryers, light fixtures, kitchen cabinets, countertops, and bathrooms providing a turn key opportunity for an incoming investor.
The Market
Covington Place Apartments is near shopping, dining, and entertainment options and just under 3 miles from University of Kentucky. Additionally, tenants benefit from easy access to i75 just 3 miles from the apartment complex.
Lexington Developments
The recently built Lexington Sporting Club is within 9 miles of Covington Place
200-acre Legacy Business Park a milestone for Lexington economic development, this new development broke ground in 2025, and once complete the project is expected to bring almost 1,700 jobs to the community with a combined annual payroll estimated at nearly $100 million.
Wawa’s set to open next year within 4 miles of Covington Place Apartments.
Informations sur l’immeuble
| Prix | 3 710 341 € | Style d’appartement | Avec jardin |
| Prix par lot | 115 948 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,71 ha |
| Taux de capitalisation | 6,96 % | Surface de l’immeuble | 3 527 m² |
| Nb de lots | 32 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1971 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,26/1 000 m² |
| Zonage | R-4 - Apartment Complex | ||
| Prix | 3 710 341 € |
| Prix par lot | 115 948 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,96 % |
| Nb de lots | 32 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 0,71 ha |
| Surface de l’immeuble | 3 527 m² |
| Nb d’étages | 2 |
| Année de construction | 1971 |
| Ratio de stationnement | 0,26/1 000 m² |
| Zonage | R-4 - Apartment Complex |
Caractéristiques
Caractéristiques du lot
- Machine à laver/sèche-linge
- Cuisine
- Réfrigérateur
- Cuisinière
Caractéristiques du site
- Accès 24 h/24
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 2+1 | 1 | 819,73 € | 84 |
| 3+1 | 31 | 1 027 € | 93 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Taxes foncières
| Numéro de parcelle | 10281550 | Évaluation des aménagements | 0 € |
| Évaluation du terrain | 0 € | Évaluation totale | 2 871 631 € |
Taxes foncières
Numéro de parcelle
10281550
Évaluation du terrain
0 €
Évaluation des aménagements
0 €
Évaluation totale
2 871 631 €
1 sur 25
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
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Carte
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Présenté par
Covington Place | 2400 Woodhill Dr
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