Building Details:
• Year Built: 1968
The Grove at Tates Creek is located at 3565 Tates Creek Road in Lexington, Kentucky. This REO asset is being sold As Is/Where Is with No Set Asking Price – Sale Price to be determined by the market.
The property is comprised of 117 traditional-style apartment units contained in (9) two-story apartment buildings. The community is currently 89.74% occupied and offers (4) distinct floor plans comprised 72% of two and three-bedroom units.
Each unit is individually metered for electricity and is equipped with washer and dryer hook ups. Tenant amenities include an in-ground swimming pool, two common area laundry facilities, and a fitness center located at the two-story leasing office building.
Constructed in 1968, the well-maintained asset is situated on a 6.6-acre parcel in an upper-middle income residential area of southeast Lexington near one of the area’s primary commercial corridors. The property is west of I-75 and Richmond Road (US-25 and US-421) and is just south of New Circle Road (SR-4) about (5) miles south of the Lexington CBD.
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- Jerry McMahan, agent and Rofo Pro
