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Multifamily

315 Ballpark

315 Ballpark Dr, Lexington, KY 40505

Listing Price: Request For Offer

Number of Units
18
Gross SF
9,500

Investment Overview

Marcus & Millichap is pleased to present 315 Ballpark Dr., a 18-unit apartment complex located in Lexington, KY. The apartment complex consists of 14 studios, 3 1-bedroom, 1 bathroom units, and 1 2 bedroom, 1 bathroom unit. The asset has received a significant amount of capital improvements ranging from new bathrooms and kitchens to new windows and new PTAC units. The assets offers an investor to take advantage of the of the newly renovated apartments and push rents. The portfolio is fully turnkey and offers strong in place cash flow as well as a modest rental increase.

Investment Highlights

  • Excellent connectivity as the area sits minutes away from New Circle, I-54, I-75, and downtown Lexington's amenities.
  • Average occupancy in the submarkets is 95.7%
  • The buildings and common areas have received $115k in CAPEX since July 2021.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Multifamily

315 Ballpark

Listing Price: Request For Offer

Number of Units
18
Gross SF
9,500

Investment Highlights

  • Excellent connectivity as the area sits minutes away from New Circle, I-54, I-75, and downtown Lexington's amenities.
  • Average occupancy in the submarkets is 95.7%
  • The buildings and common areas have received $115k in CAPEX since July 2021.

Investment Overview

Marcus & Millichap is pleased to present 315 Ballpark Dr., a 18-unit apartment complex located in Lexington, KY. The apartment complex consists of 14 studios, 3 1-bedroom, 1 bathroom units, and 1 2 bedroom, 1 bathroom unit. The asset has received a significant amount of capital improvements ranging from new bathrooms and kitchens to new windows and new PTAC units. The assets offers an investor to take advantage of the of the newly renovated apartments and push rents. The portfolio is fully turnkey and offers strong in place cash flow as well as a modest rental increase.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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