2275 Winchester Ave - Apartments FOR SALE


Ashland, KY 41101
$309,900 USD
606-923-3789
2275 Winchester Ave, Ashland, KY for Sale
$309,900 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

2275 Winchester Ave
Ashland, KY 41101


HIGHLIGHTS

  • 2275 Winchester Avenue presents a 100% occupancy rate multifamily asset.
  • In a convenient location in Ashland's City Center District.
  • With all 16 units rented and the complex having a strong occupancy history, this is a stable and cash-flowing investment.
  • There is prominent building and pylon signage, as well as easy access, high-visibility, and parking on-site.

OVERVIEW

Unlock the full potential of this fully occupied, 16-unit efficiency apartment building located in the heart of Ashland, KY. This property generates consistent income with an impressive 100% occupancy rate. This is an excellent opportunity to enhance revenue and property value through renovations and capital improvements. Welcome to a fantastic investment opportunity that ticks all the right boxes. This fully rented apartment building is located in Ashland, KY, offering steady cash flow and long-term potential for growth. With every unit occupied, you'll benefit from immediate rental income from day one, giving you an exciting start to your investment journey. The property has had some thoughtful upgrades, but additional renovations and capital improvements will ensure increased future value. One of the standout features of this building is the off-street parking, a highly desirable perk for tenants. Whether they're commuting to work or running errands, this amenity adds extra appeal and convenience. Whether you're a seasoned investor or just starting to grow your portfolio, take advantage of this high-demand investment opportunity.

FOR SALE DETAILS

PRICE

$309,900 USD

PRICE/SF

$34 USD /SF

# OF UNITS

16

PRICE/UNIT

$19,369

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,250 SF

ZONING

Z02

APN/PARCEL ID

038-09-07-019.00

ASK ABOUT THIS PROPERTY

Tonja McCloudTeam TNT Realty GroupMore Info
606-923-3789

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Tonja McCloudTeam TNT Realty GroupMore Info
606-923-3789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.