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Description
Ashton on Main is located in the greater Lexington MSA. This off-market opportunity was taken down to 0% occupancy in March of 2022, has been completely gutted, and received north of $3,500,000 of Capex resulting in 80 high-end 2BD/1BA Townhomes and 24 2BD/1BA Flats. Boasting 95%+ occupancy the last 90 days Ashton on Main is Fannie/Freddie ready. This opportunity presents a turnkey-ready asset with management upside to further push rents.
Investment Highlights:
$3.5M in recent capital improvements
Strong Lease-Up Trend Proving Market Demand
Sizeable Loss to Lease Recapture Opportunity
Excellent Unit Mix
Address
- State/county Kentucky
Contact Information
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