The offering is Lexington Woods Condominiums and consists of 50 units in a 50-unit multi-family condominium project. Subject property consists of 30 1-bedroom units and 20 2-bedroom units. Project has had excellent rental history with 100% occupancy currently and pre-leased for 2016-2017 term at 100%. Large, nicely appointed units and a limited supply of quality 1 and 2 bedroom units that are new and have well appointed interiors make this easy to keep rented.
Key Points: Well Located Apartment Community New Construction Great Rental History Large, Desirable, 1 & 2 Bedroom Units
Parking: 1.1 spaces per 1,000 sq. ft.
Asking Price: $3,895,000
Building Size: 38,000 SQ FT
Lot Size: 174240
Cost per Square Foot: $102.50