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117 Bradford Dr - Bradford Drive Apartments 8 Unit Apartment Building Offered at $1,259,544 CAD at a 7.75% Cap Rate Paris, KY 40361
Investment Highlights
- Paris, Kentucky, located in Bourbon County and within the Lexington–Fayette Metropolitan Statistical Area, benefits from steady regional demand.
- The rents in Paris are increasing quickly, driven largely from the demand seen in the Lexington market.
Executive Summary
VWREA is pleased to offer Bradford Drive Apartments, an offering of 8 townhome style units in Paris, KY. The unit mix consists of (2) quadplexes with (8) 3-bedroom units.
Recent Renovations
6 fully renovated units featuring, newly remodeled kitchens, updated bathrooms and improvements to flooring and paint. 2 units are partially renovated with flooring and paint.
Exterior Updates Include:
HVAC replaced as needed from 2018-2026 (Estimated 7/8 units)
Water heaters replaced as needed from 2018-2026 (Estimated 6/8 units)
Roof Replaced 2023
Decks Replaced 2023
Central Kentucky
Paris, Kentucky, located in Bourbon County and within the Lexington–Fayette Metropolitan Statistical Area, benefits from steady regional demand and proximity to the larger Lexington employment hub. The county has seen modest population growth in recent years and remains part of a stable Central Kentucky market, supporting consistent housing demand for renters.
Recent Renovations
6 fully renovated units featuring, newly remodeled kitchens, updated bathrooms and improvements to flooring and paint. 2 units are partially renovated with flooring and paint.
Exterior Updates Include:
HVAC replaced as needed from 2018-2026 (Estimated 7/8 units)
Water heaters replaced as needed from 2018-2026 (Estimated 6/8 units)
Roof Replaced 2023
Decks Replaced 2023
Central Kentucky
Paris, Kentucky, located in Bourbon County and within the Lexington–Fayette Metropolitan Statistical Area, benefits from steady regional demand and proximity to the larger Lexington employment hub. The county has seen modest population growth in recent years and remains part of a stable Central Kentucky market, supporting consistent housing demand for renters.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Carpet
- Yard
- Deck
- Lawn
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 8 | $1,459 CAD | 1,100 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $642,094 CAD | |
| Land Assessment | $54,763 CAD | Total Assessment | $696,857 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$54,763 CAD
Improvements Assessment
$642,094 CAD
Total Assessment
$696,857 CAD
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117 Bradford Dr - Bradford Drive Apartments
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