Description
UNITS: 321 | YEAR BUILT: 1972 | SQFT: 265,865
Pegasus Place Apartments, a 312-unit apartment complex located in Lexington, Kentucky. Built in 1972 with renovations in 2005, the asset totals about 265,865 rentable square feet on a 14.62-acre lot. The building features one- and two-bedroom apartments with an occupancy rate of 97.76%, averaging 750 square feet, and 965 square feet. The asset is comprised of 9 buildings that sit inside Circle 4 in the South-East side of Lexington. The property presents an opportunity to renovate the units and push rents significantly. This strategy has been proven out by other apartments in the surrounding area. Amenities include pet friendly neighborhood, clubhouse, swimming pool, fitness center, basketball court, business center, playground, and volleyball court.
Listing Details
| Price: | $Market Bid |
|---|---|
| Address: | 2504 Larkin Road |
| City: | Lexington |
| State: | Kentucky |
| Year Built: | 1972 |
| Acres: | 14.62 |
| Property Type: | Multifamily |
|---|---|
| Exterior: | Brick |