Purchase Price $990,000
2 bed / 1 bath
C.A.P. Real Estate is pleased to present Oaks of Wichita, a 24 unit apartment complex located in Nicholasville, KY. Oaks of Wichita is a newer built property constructed in 2004. The property is entirely tenant paid electric. Residents are responsible for all utilities except cool water, sewer, and trash. Each unit has a water heater, individual central HVAC, washer & dryer connections, ceiling fans in each bedroom, and a balcony or patio. Tenants also have the luxury of private entry doors leading to either ground or second-floor unit.
Nicholasville, located in Jessamine County, is a bedroom community about 10 miles southwest of Lexington, Ky. Because Nicholasville and Lexington close proximity, they often share residents, employers, and shopping, which have created economic growth for both cities. Nicholasville alone has experienced rapid growth over the last four decades. Between 1970 through 2010, the city population has increased 380% to approximately 30,000 residents. The resources available to Nicholasville are not just limited to Lexington. The Lexington-Fayette (MSA) includes Bourbon, Clark, Fayette, Jessamine, Scott, and Woodford counties has an estimated population of 489,435 people. On an even broader scale, combining Frankfort-Richmond, KY MSA to Lexington-Fayette, the estimated population also double to 703,271. The majority of the 700,000 people are within 1 hour drive time; giving both residents and employers tremendous opportunity.