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- LoopNet Team
368 Rose St
Lexington, KY 40508
AOII: University of Kentucky · Multifamily Property For Sale · 26 Units
Investment Highlights
- The university is situated in Downtown Lexington adjacent to the 391-bed Baptist Health Hospital.
- Renovations included repairs and improvements, bathrooms, new furniture, upgrade to access control system, HVAC repair, roof repair, and lighting.
PROPERTY FACTS
| No. Units | 26 | Lot Size | 0.52 AC |
| Property Type | Multifamily | Building Size | 12,466 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1985/2014 |
| Building Class | B | Parking Ratio | 1.04/1,000 SF |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 12,466 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2014 |
| Parking Ratio | 1.04/1,000 SF |
About 368 Rose St , Lexington, KY 40508
The 14,111 square-foot free standing former AO? sorority house is situated on 0.52 acres on Rose Street on the University of Kentucky’s campus in Lexington, Kentucky (MSA Population: 512,650). Despite not being currently occupied, AO? remains responsible for the NNN Lease, which is fully guaranteed by the parent company. There are over 13 years of primary term remaining with 2.00% annual rent increases. The house features 26 units and 48 total beds. The subject property is ideally situated on the northeastern side of the 812-acre campus directly across from the Memorial Coliseum, home to the school's nationally recognized basketball teams, and less than 0.25 miles from the new student center.
PROPERTY TAXES
| Parcel Number | 14644000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,399,056 |
PROPERTY TAXES
zoning
| Zoning Code | R-3 |
| R-3 |
