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Sanctuary Apartments 200 Hubbard Rd 48 Unit Apartment Building $6,072,252 CAD ($126,505 CAD/Unit) 7.56% Cap Rate Winchester, KY 40391
EXECUTIVE SUMMARY
Description
200 On The Hill is a 48 unit property including eight 3BR/2BA units, 16 2BR/1BA units, and 24 newly built studios. Almost all of the units are either newly built or newly turned within the past two years. The buildings with the larger units all include additional decks or patios plus extra storage.
This investment has been professionally maintained, and is situated on a large lot with ample off street parking. Tenants are responsible for their own electricity (no gas), and pay additional pet fees (scaled depending on animal size) and month-to-month fees.
Located in Winchester, KY, a rapidly growing suburb of Lexington, the property is minutes from downtown Winchester, amid single family homes, with easy access to I-64 and Lexington.
High-quality asset
31,128 SF in six buildings
Newer construction
Versatile unit mix
Desirable, suburban location
3.37 acre lot with ample parking
Separately metered electric (no gas)
Deal Room: https://connect.prgproperty.com/deal-room/236?signature=45843a4e7b19de1a5c49fbf34656f6e7dd2de5036ebea92c302c9596b4919e21
Broker Notes
The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.
200 On The Hill is a 48 unit property including eight 3BR/2BA units, 16 2BR/1BA units, and 24 newly built studios. Almost all of the units are either newly built or newly turned within the past two years. The buildings with the larger units all include additional decks or patios plus extra storage.
This investment has been professionally maintained, and is situated on a large lot with ample off street parking. Tenants are responsible for their own electricity (no gas), and pay additional pet fees (scaled depending on animal size) and month-to-month fees.
Located in Winchester, KY, a rapidly growing suburb of Lexington, the property is minutes from downtown Winchester, amid single family homes, with easy access to I-64 and Lexington.
High-quality asset
31,128 SF in six buildings
Newer construction
Versatile unit mix
Desirable, suburban location
3.37 acre lot with ample parking
Separately metered electric (no gas)
Deal Room: https://connect.prgproperty.com/deal-room/236?signature=45843a4e7b19de1a5c49fbf34656f6e7dd2de5036ebea92c302c9596b4919e21
Broker Notes
The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.
PROPERTY FACTS
| Price | $6,072,252 CAD | Building Class | B |
| Price Per Unit | $126,505 CAD | Lot Size | 3.37 AC |
| Sale Type | Investment | Building Size | 31,128 SF |
| Cap Rate | 7.56% | Average Occupancy | 100% |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1996 |
| Property Subtype | Apartment | Parking Ratio | 2.83/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | PD - Planned Unit Development | ||
| Price | $6,072,252 CAD |
| Price Per Unit | $126,505 CAD |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.37 AC |
| Building Size | 31,128 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1996 |
| Parking Ratio | 2.83/1,000 SF |
| Zoning | PD - Planned Unit Development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Deck
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Wheelchair Accessible
- Trash Pickup - Curbside
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | - | 800 |
| 3+2 | 8 | - | 940 |
| Studios | 24 | - | 352 |
PROPERTY TAXES
| Parcel Number | 044-3009-02500 | Improvements Assessment | $3,331,315 CAD |
| Land Assessment | $197,540 CAD | Total Assessment | $3,528,855 CAD |
PROPERTY TAXES
Parcel Number
044-3009-02500
Land Assessment
$197,540 CAD
Improvements Assessment
$3,331,315 CAD
Total Assessment
$3,528,855 CAD
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Sanctuary Apartments | 200 Hubbard Rd
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