115 Delmont Drive 115 Delmont Dr 4 Unit Apartment Building $693,220 CAD ($173,305 CAD/Unit) 5.40% Cap Rate Lexington, KY 40504

115 Delmont Drive is a 4-unit multifamily property in Lexington, KY. The property, built in 1950, is 3,600 square feet and situated on 0.344 acres. Each unit is 800 square feet and offers two bedrooms, one bathroom, and a detached garage. The units feature hardwood floors, a kitchen, dining area, and living room. All utilities are individually metered and paid by Tenants. The property is located on a quiet residential street with off-street parking for all units. The location offers easy access to New Circle Road, downtown Lexington, and amenities on Versailles Road.

This property can be sold individually or along with other properties in a 60-unit multifamily portfolio. The 60-unit multifamily portfolio is strategically located in the heart of Central Kentucky, offering excellent access to major employment centers, universities, healthcare centers, and retail corridors. The Central Kentucky area benefits from strong renter demand, low vacancy rates, and a stable market. This is a rare opportunity to acquire a large and stabilized multifamily portfolio in one of Kentucky's most reliable rental markets. The other properties in the portfolio are 1416 Townley Drive, Lexington, KY and 200 N. Hill-N-Dale Street, Danville, KY.

Financials available upon request.
-Individually metered and Tenant-paid utilities
-Quiet residential street with easy access to New Circle Road & Downtown Lexington
-Rare fourplex with a detached garage for each unit
-Long-term tenants in place
-Off-street parking for all units
Unit Features:
-Two bedrooms; One bathroom
-800 SF
-Hardwood floors
-Kitchen, living room, and dining area
-Glass and screened-in covered patio